A Major Copper Crunch Is Looming | Metals Mine

  • A Major Copper Crunch Is Looming

    From oilprice.com

    Copper has become an essential building block in modern construction and energy. In the coming years, the global demand for copper is expected to increase significantly as it is used more widely for renewable energy projects and transmission. The Australian mining major BHP expects the demand for copper to grow by around 70 percent, to 50 million tonnes, by 2050, as it is used more widely for a range of applications. The adoption of electric vehicles (EVs), renewables, and data centres around the world is expected to drive copper demand beyond traditional applications. Copper demand is expected to grow at a CAGR of ... (full story)

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