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'Unmanageable' deficit looming in copper

COPPER demand from electric vehicles and renewable energy applications could surge eightfold by 2030, creating an “unmanageable” market deficit, analysts at Jefferies have warned.

Oonagh Reidy
Copper demand from EVs and renewable energy projects could surge eightfold by 2030 leading to severe shortages

Copper demand from EVs and renewable energy projects could surge eightfold by 2030 leading to severe shortages

Jefferies said copper demand from renewable energy could rise to 6.4 million tonnes by the end of the decade from 991,000t in 2020 in the bank's ‘bull case', while it forecasts EVs will require 1.7Mt of...

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