The paper focuses on the study of the copper supply risk conception and the process of risk identification and analysis in risk management, based on the risk theory. The authors establish a list of China copper supply risk through risk identification, and build up copper supply risk matrix through risk analysis. Based on the risk matrix, the copper supply risk is at a higher level in 2013. The reason is the importance of copper resources in the economy is higher, thus expanding the copper resources supply risk. In addition, social development and environmental regulation of supplying countries also have a great impact on China’s copper supply, yet the political risk and economic risk is relatively moderate.