0453 GMT - The price of copper "will need to rise dramatically" to spur enough investment in new mines to meet demand, Shaw and Partners analysts say in a note. Bringing on new copper supply is challenging and production costs are likely to rise, say the analysts. "Expansions of existing mines are becoming increasingly expensive, and new projects often involve lower-grade ore and higher development costs," they say. "This is compounded by the slow pace of new discoveries and stricter environmental and social standards, creating a bottleneck that prevents a rapid increase in supply to meet growing demand." Shaw expects copper to average $10,524/metric ton next year, versus consensus of $9,786/ton and spot of $10,287/ton. The broker's key copper stock picks are AIC Mines, Aurelia Metals and Sunstone Metals. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

September 26, 2025 00:53 ET (04:53 GMT)

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