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S&P: Energy transition to drive copper

The copper price may have shed 24% 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.

Copper cathodes

Copper cathodes

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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