Strong Gold and Copper Prices Fuel Explosive Demand Across Mining Supply Chain

Published: May 8, 2026 09:54

Save

Strong copper and gold prices are driving a sharp increase in demand for industrial explosives used in mining operations. Australian explosives and blasting service providers said copper mine expansions and new project developments are boosting order volumes across the sector. Analysts noted that AI infrastructure, electrification, and energy-transition spending are fueling a broader mining investment cycle, benefiting the entire copper supply chain. The mining services industry is expected to remain strong over the coming years as global resource demand continues rising.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 mins ago

Inventory Decline Resumed, Stimulating Premium Increase, but End-Users Maintained Purchasing as Needed [SMM South China Spot Copper]

8 mins ago

19 mins ago

SMM Copper Wire and Cable Operating Rate Drops to 63.23% This Week, Down 20.26 Ppts YoY

[SMM Copper Wire and Cable Operating Rate] This week (May 1–May 7), SMM copper wire and cable enterprise operating rate was recorded at 63.23%, down 2.67 percentage points WoW and down 20.26 percentage points YoY. The decline was mainly dragged down by production cuts and adjusted shutdowns at some enterprises during the Labour Day holiday. Notably, during the same period last year, a concentrated PV installation rush combined with a sharp drop in copper prices boosted demand, resulting in a higher base for operating rates, making this year's YoY performance relatively weak.

19 mins ago

20 mins ago

Copper Wire and Cable Inventories Decline Due to Holiday Stockpiling and Reduced Production

[SMM Copper Wire and Cable Inventory] This week, regarding copper wire and cable enterprise inventories, raw material inventory decreased 4.89% WoW, mainly due to consumption of pre-holiday stockpiling. Finished product inventories decreased 3.09% WoW, affected by reduced production schedules during the holiday.

20 mins ago