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Global power grid expansion fuels fresh copper demand surge
Copper demand is rising faster than the industry anticipated, driven by billions of dollars being invested worldwide to modernize and expand power grids for the digital and clean energy revolutions that require vast amounts of electricity. Meanwhile, supply from major producers including Chile and the Democratic Republic of Congo is constrained by a lack of investment in new mines, setting the stage for a prolonged period of high prices. Some analysts predict copper prices will hit records above $12,000 a ton before the end of the decade, an increase of 23% from current levels around $9,700 a ton. Consumers are ... (full story)
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