The International Energy Agency (IEA) warns that global primary copper supply could fall short of demand by 25% by 2035. This shortfall is predicted despite current copper prices hitting record levels, indicating a potential crisis in the market. The report highlights that the development of new copper mining projects is not keeping pace with growing demand fueled by the energy transition. Increasing demand for copper is driven largely by the expanding use of renewable energy technologies, electric vehicles, and associated infrastructure. Without significant investment in new mining operations and recycling initiatives, the gap between supply and demand will widen considerably. This deficit poses a risk to global efforts to achieve net-zero emissions targets, as copper is vital for these technologies. The IEA stresses the urgency of addressing this looming supply challenge to ensure a smooth and affordable energy transition.