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‘Metals of the Future’: Copper and Silver Flow Beneath Poland's Surface
KGHM says its output helps meet surging demand as copper use rises in electric cars, renewable energy and defense industries.
- Poland supplies between 40 percent and 50 percent of Europe's copper, positioning the country as a critical player in global energy transitions and technological development.
- KGHM, the Polish metals giant, generated more than $9.7 billion in revenue last year, with production reaching 710,000 tonnes of copper and 1,347 tonnes of silver, according to its annual report published at the end of March.
- Piotr Krzyzewski, KGHM vice president in charge of finance, calls copper "indispensable for electronic equipment, electric cars, and renewable energy installations," while noting it ranks on strategic lists for Europe, the United States, and China.
- President Donald Trump announced a 50 percent tariff on copper in July, invoking the need to "defend national security" and claiming it is the "second most used material by the Department of Defense."
- The International Energy Agency predicts supply will lag 30 percent behind demand by 2035, requiring an estimated $250 billion in investments by 2030 to meet global copper needs.
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19 Articles
19 Articles
At the heart of the Silesian mines, copper and silver extracted on a large scale feed the world's leading industries. These metals, which have become indispensable, place Poland in a position of strength on the European geo-economic chessboard. At more than a thousand meters deep, under extreme conditions, Polish miners exploit a precious ore. This rock [...] Read more Polish basement, strategic pillar of the energy transition appeared first on …
Coverage Details
Total News Sources19
Leaning Left1Leaning Right3Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
C 69%
R 23%
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