Copper is essential for clean energy applications such as solar panels, wind turbines, and electric vehicles EVs, as well as for expanding electrical grids. The surge in demand for the metal, driven by the growing adoption of these technologies, presents a unique investment opportunity for early investors in copper mining companies.
Russia, ranked seventh in copper production, faces an expected decline in production due to the ongoing war in Ukraine. Meanwhile, the increasing adoption of carbon-free technology only highlights copper’s significance. High Demand for Transport and Electricity Grid The demand for copper in the transport sector is projected to increase by 11.1 times by 2050, from 2022. EVs, for example, can contain more than a mile of copper wiring.
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