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Copper demand set to surge 24% by 2035 as four key disruptors reshape global markets

From woodmac.com

Global copper demand is set to surge 24% by 2035, rising by 8.2 million tonnes per annum (Mtpa) to 42.7 Mtpa, according to a new Horizons report from Wood Mackenzie, ‘High-wire act Is soaring copper demand an obstacle to future growth?’ Growth will be driven by traditional economic development alongside new structural demand from electrification and digitalisation. While this growth trajectory seems certain, Wood Mackenzie warns that four powerful disruptors could amplify demand and price volatility beyond expectations. Together, these disruptors could add an extra three Mtpa, or 40% of total copper demand growth, by ... (full story)

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  • Category: Fundamental Analysis