Opinion
Infographic | The future of the copper market
Rapid adoption of copper-intensive technologies will drive high future demand
1 minute read
The copper market is on the brink of transformation, driven by increasing demand for copper-intensive technologies and the urgent need for sustainable practices across the metals and mining industry.
Our interactive copper infographic offers a comprehensive overview of the future of the copper market, detailing the key trends and projections that will shape the industry through 2034.
Fill out the form at the top of the page to download the infographic, which explores:
- Demand drivers: An analysis of the primary factors fuelling copper demand, including population growth, urbanisation, electrification and the global push for decarbonisation.
- Supply dynamics: Insights into projected mine output, with the anticipated peak of 25.7 million tonnes by 2026 and the looming supply gap of 4.7 million tonnes by 2034 emphasising the need for timely project sanctions.
- Price projections: A look at the expected fluctuations in copper prices, with near-term peaks projected at US$10,073 per tonne, and long−term forecasts indicating a steady price of US$8,267 per tonne by 2034 (in constant 2024 US dollars).
- Regional growth trends: An overview of refined copper capacity growth across key regions.
Download the infographic
Fill out the form at the top of the page to download your free copy now.