Green transition could boost record high copper demand

Anadolu Agency | May 3, 2021 at 5:11 PM
  • The future demand growth of the global copper market is almost entirely contingent on a rapid green transition driven mainly by the shift to electric vehicles and renewables to combat the climate crisis, Charlie Durant, base metals research manager at London-based CRU Group, a commodity market analysis company, told Anadolu Agency in an interview.
  • The green energy transition will support a record high surge in global copper demand but the speed of the transition will determine the size of the growth.
  • Goldman Sachs forecasts that rapid acceleration in green demand growth from this level could rise to 2.6 million tonnes by 2025, marking 9% of global demand, and to 5.4 million tonnes in 2030, or 16% of total demand.