Copper Tests Make-or-Break Support as Mine Supply Shrinks for the First Time Since 2017

Copper is testing a key support level as mine supply contracts for the first time since 2017, tightening the outlook for a metal central to electrification and data-center infrastructure. The supply squeeze could keep copper prices volatile and increase input costs across technology and energy projects. For Bitcoin, the implications are indirect: persistent commodity inflation could affect risk appetite and expectations for interest rates, while higher infrastructure costs may weigh on mining margins.