27/11/2025
Copper Demand Set to Explode by 2035
According to Wood Mackenzie, copper demand could reach nearly 43 million tonnes annually by 2035 ā up almost 25% from today.
This growth is driven by a powerful mix of traditional and disruptive sectors. But supply? Struggling to keep up.
šļø Where Is Copper Becoming Indispensable?
ā«ļøAI & Data Centers - Massive grid expansion
ā«ļøDefense & Infrastructure - Global investments rising
ā«ļøLow-Carbon Energy - EVs, solar, wind
Asia - Industrial demand booming
āļø The Challenge:
To close the gap, weāll need +8 Mtpa new mines by 2035
That means $210B+ in investment ā but only $76B has been invested in the past 6 years.
š Whoās Taking the Lead?
Chinese miners are expanding aggressively in riskier regions ā gaining more control over global supply.
š Will copper become the ānew oilā of the energy transition?
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