And so it is that as the world scrambles to cut carbon emissions and electrify the transport system, the power sector, and building stock, copper has emerged as the golden metal of choice. Its superior conductivity makes it essential in renewable energy applications, electric vehicles, and power distribution systems.
However, the soaring demand for copper is putting pressure on global inventory, prompting questions about how much of this versatile metal will be available to underpin the energy transition. The copper industry is facing a dense field of problems that may affect its capacity to satisfy global demand, which could undermine endeavors to address climate change and advance the transformation of energy systems.
The following 25 years will see copper demand soar beyond historical levels, leading to unprecedented supply challenges.
The overall consumption rate of copper is growing at an unprecedented pace worldwide, and more…
