Video | The long-term outlook for copper

Copper, a critical material in the global energy transition, faces a period of significant transformation. As economies shift towards decarbonisation and electrification, the demand for copper is forecast to surge, driven by its essential role in renewable energy, electric vehicles (EVs) and infrastructure development.  

However, this rapid growth in demand threatens to outpace global supply, particularly as existing operations deplete reserves. This will require investment in new projects to fill the gap, and an increased reliance on scrap.  

In this exclusive video, Nick Pickens, Research Director of our Mining and Metals team, leverages Lens Metals & Mining, our advanced data platform, to provide a strategic long-term outlook on copper markets, offering key insights that will shape the industry’s future. 

In this video, we dive into: 

• Copper demand growth projections up to 2050, with global consumption expected to rise by 2% annually, driven primarily by growth in Asia—especially Indonesia, India, and smaller ASEAN countries. 

• The rise of scrap copper, which is projected to grow from 20% of total consumption today to nearly 30% by 2050, as industries shift toward greener materials. 

• Insights into how the decarbonisation trend is driving demand from key sectors like renewable energy, electrification and EVs, with the copper demand from EVs alone expected to quadruple over the next decade. 

• Analysis of the looming supply gap, with copper mine supply needing to fill a 5-6 million ton shortfall over the next 10 years. 

Whether you're a strategic planner, investor or industry professional, this video will provide invaluable data and analysis to help you stay ahead of market trends. 

Watch now 

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