Reported 7 days ago
BHP projects that global copper demand will increase by 1 million metric tons annually until 2035, driven largely by the adoption of technologies that heavily rely on copper. Despite a historical growth rate of 3.1%, recent trends show a decline to 1.9% over the past 15 years, with expectations of an increase to 2.6% in the coming years. As demands for electric vehicles and green technologies rise, BHP believes copper demand could soar to 50 million tons annually by 2050, with particular growth anticipated in the energy transition and digital sectors.
Source: YAHOO