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Decarbonisation to drive doubling of copper demand

THE copper price may have shed more than 25% in the past month on global recession fears and new large mines coming online in Democratic Republic of Congo and Peru, but this is likely to be a short-lived dip if humanity is to meet the existential challenge of attaining net-zero emissions by 2050, according to S&P Global’s The Future of Copper study.

Decarbonisation to drive doubling of copper demand

The research firm said the energy transition will cause a near doubling of copper demand by 2035 leading to "unprecedented and untenable" supply deficits unless significant new copper supply comes online...

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