Mining
Mining Moves British Columbia
Part of the Mining Builds British Columbia series presented by the Mining Association of BC.
About Mining Builds British Columbia
Everything used by British Columbians in their everyday lives is either grown or found in the ground. The Mining Builds British Columbia Series covers six essential areas of life where materials derived from mining make a big impact.
How does mining move BC? Without materials such as steel, aluminum, and concrete, it would make everyday transportation much more difficult. Platinum group metals are also essential in the catalytic converters of vehicles, which prevent 4 million tons of harmful emissions in BC per year.
Markets
An Investor’s Guide to Copper in 3 Charts
Explore three key insights into the future of the copper market, from soaring demand to potential supply constraints.
An Investor’s Guide to Copper
Copper is the world’s third-most utilized industrial metal and the linchpin of many clean energy technologies. It forms the vital connections in our electricity networks, grid storage systems, and electric vehicles.
In the above infographic, iShares digs into the forces that are set to shape the future of the copper landscape.
How Much Copper Do We Need?
Copper is poised to experience a remarkable 54% surge in demand from 2022 to 2050.
Here’s a breakdown of the expected demand for copper across clean energy technologies.
| Technology | 2022 (kt) | 2050P (kt) |
|---|---|---|
| Electricity networks | 4364 | 8862 |
| Other low emissions power generation | 93.7 | 142.2 |
| Solar PV | 756.8 | 1879.8 |
| Grid battery storage | 24.6 | 665.2 |
| Wind | 453.5 | 1303.3 |
| Hydrogen technologies | - | 0.22 |
| Electric vehicles | 370 | 3582.9 |
| Other uses | 19766 | 22382 |
Copper is vital in renewable energy systems such as wind turbines, solar panels, and electric vehicle batteries because of its high electrical conductivity and durability.
It ensures the effective transmission of electricity and heat, enhancing the overall performance and sustainability of these technologies.
The rising demand for copper in the clean energy sector underscores its critical role in the transition to a greener and more sustainable future.
When Will Copper Demand Exceed Supply?
The burgeoning demand for copper has set the stage for looming supply challenges with a 22% gap predicted by 2031.
Given this metal’s pivotal role in clean energy and technological advancements, innovative mining and processing technologies could hold the key to boosting copper production and meeting the needs of a net-zero future.
Investing in Copper for a Prosperous Future
Investors looking for copper exposure may want to consider an ETF that tracks an index that offers access to companies focused on the exploration and mining of copper.
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