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The Investment Cases for Copper
The demand is coming from so many sectors of the global economy, it is hard to find a reason not to invest. The energy transition is driving much of the demand. Copper is a critical input for renewable power generation like wind turbines, solar panels, and batteries. It’s also essential for electrical wiring for the grid. Global power grid capacity will need to double by 2050 to meet increased electricity demand, requiring an additional 427 million metric tons of copper. Copper is a key component in electric vehicle (EV) batteries and motors. EVs use up to 4X more copper than gas-powered cars. Before you scoff at ... (full story)