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The Strait of Hormuz closure cut off 50% of global seaborne sulfur supply.
China banned sulfuric acid exports starting May 2026.
Sulfuric acid prices in Chile are up 57% since February.
Some copper producers have less than 30 days of supply left.
Chile imports 1M+ tons of Chinese sulfuric acid per year because 20% of its copper output depends on it.
The DRC supplies 15% of global copper. Their acid supply just got cut off.
No sulfuric acid means no copper mining.
No copper means no data centers, no EVs, no grid infrastructure.
The clock started ticking in May.