Middle East turns to copper with expected 40% surge in electricity demand by 2035

Middle East turns to copper with expected 40% surge in electricity demand by 2035

From fastmarkets.com

As the Middle East considers “life beyond oil”, Fastmarkets takes stock of the region’s copper industries and energy transition strategy, from the mining sector to sovereign wealth fund investment. The Middle East is a major consumer of energy; and while 78% of energy investment is expected to go to fossil fuels in 2025, this is projected to fall to 66% by 2035 as investments in grids, storage and low-emissions electricity increase, according to the International Energy Agency (IEA) World Energy Outlook 2025, published in November. The World Energy Outlook 2025 expects peak electricity demand in the Middle ... (full story)

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