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Production of copper has to double by 2035 to meet the worldwide demand. Driven by energy transition, population growth and economic development, annual refined copper usage is expected to increase by 100% in just over a decade.
There has only been ONE new copper source discovery since 2018, creating a deficit in the available copper supply vs. demand.
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COPPER IS NEEDED EVERYWHERE.
As we move towards having more renewable energy sources, copper's importance grows as a key material in wind turbines, solar panels, and electric vehicles.
Additionally, copper is 100% recyclable without losing its properties, making it a sustainable choice that supports a circular economy by reducing the environmental impact of mining and processing.
Copper is a versatile and highly conductive metal with a unique combination of properties that make it indispensable in various industries.
It is known for its excellent electrical and thermal conductivity, corrosion resistance, and malleability. These characteristics have made copper a critical component in a wide range of applications, from electrical wiring and electronics to plumbing and industrial machinery.
COPPER IS NEEDED EVERYWHERE.
Existing mines and new projects in development are not anticipated to meet the future demand, even if permitting and construction are accelerated - making copper scrap (and the recycling of it) the most viable option to meet the demand.