Investing in copper lME warehouse stocks have dropped to

LME warehouse stocks have dropped to their lowest since 2005, tightening the global supply picture. Investing in copper now could capitalize on the market’s current undersupply dynamic before restocking phases begin. For those considering Solaris Resources, the big picture centers on believing in the long-term outlook for copper demand and the value creation potential at the Warintza Project in Ecuador. Recent copper supply shocks, as seen with the Grasberg and El Teniente disruptions, have pushed copper prices higher and driven renewed investor optimism in copper developers. This momentum was reflected in a sharp rally for copper equities, including Solaris. Looking at short-term catalysts, Solaris’ value proposition is still tied to successful environmental approvals, additional resource upgrades, and progress on community agreements, which have seen positive movement with the PSHA partnership. The risks, however, may have shifted: previously, weak copper prices and funding limitations dominated, but higher copper prices may boost sentiment. Still, Solaris remains pre-revenue and unprofitable, so sensitivity to project delays, management turnover, or a reversal in copper prices is worth watching. On the other hand, project delays or a shift in copper prices could quickly renew downside risks for the company. This development highlights how supply constraints at leading global producers can create sector-wide optimism for copper-focused companies such as Solaris Resources. Analysts note that the copper forward curve is steepening, reflecting expectations for stronger spot prices later this year. For active traders, investing in copper through futures could capture upside before seasonal demand peaks.