The energy transition causes a rush for copper

Posted on Dec. 2021 at 15:00Updated 30 Dec. 2021 at 18:49

In order to turn its back on fossil fuels and achieve carbon neutrality, electricity will play a preponderant role. There are still a lot of uncertainties about the pace or choice of low carbon technologies, but one thing is certain, the world will consume colossal amounts of metals to build wind turbines, networks or car batteries. The International Energy Agency (IEA) estimates that the total demand for metals for low-carbon energies will be multiplied by 4 or even 6.

The attention of the general public is focused on metals linked to the rise of the electric car, such as lithium for batteries or rare earths for certain engines. But for manufacturers, it is a much more traditional non-ferrous metal, copper, which fuels the great fear of a shortage. Already omnipresent in construction, its use will explode with the energy transition.

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