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Copper hits record prices, and new mines take 17 years

The International Energy Agency expects copper supply to fall about 25 percent short in 2035, based on projects now in the pipeline; patience not included.

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  1. Vera Bullock · Co-AnchorCopper hit a record earlier this year, and it's in your walls, your air conditioner and the power lines on your street, so I bet it lands on your electric bill.

  2. Brock Thunderson · Chief MeteorologistA pound of it touched six dollars and ninety-five cents in September, according to a report cited by KuCoin News.

  3. Brock Thunderson · Chief MeteorologistBut the price isn't the squeeze.

  4. Vera Bullock · Co-AnchorThe Washington Times says a new copper mine takes about seventeen years to go from discovery to production.

  5. Brock Thunderson · Chief MeteorologistSeventeen years. The person who finds the mine that fixes your bill is in middle school right now.

  6. Vera Bullock · Co-AnchorOr we call it a long game.

  7. Vera Bullock · Co-AnchorThe International Energy Agency expects supply to come up about twenty-five percent short in twenty thirty-five, and that's plenty of time to prepare.

  8. Brock Thunderson · Chief MeteorologistPrepare how? I can name a cloud in four seconds. Fine, it's a patient little plan.

  9. Vera Bullock · Co-AnchorYou almost agreed with me.

  10. Brock Thunderson · Chief MeteorologistI did not. Your wiring is on a seventeen-year journey and the bill still shows up monthly.

  11. Vera Bullock · Co-AnchorRex, what does your show have that takes less than seventeen years?

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From the archive: everything BBN aired on Monday, October 19, 2026 · the Your Money archive · all months