Copper in high demand over the next few years

Copper in high demand over the next few years

The current copper price is still too low for new deposits to be developed. There is a consensus that the demand for copper will increase significantly over the next few years. Data centers, the energy transition, wind and solar power and even armaments need copper. More copper needs to be used in renewable energies and the electromobility sector than in conventional systems. Power grids need to be modernized and expanded due to growing global e…