Insight

Harnessing the sun and opportunities for base metals demand

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08 July 2021

Harnessing the sun and opportunities for base metals demand

Report summary

As the energy transition gathers pace and governments around the world commit to decarbonising their economies, it is clear that solar energy has a key role to play. As the solar power installations grow, so will the demand for base metals. This insight introduces Wood Mackenzie’s view on the demand for aluminium, copper and zinc arising from the construction of solar power facilities. Solar power will have a significant impact on demand for aluminium, copper and zinc with the usage of three metals in the sector set to double by 2040.

Table of contents

  • Annual aluminium demand in solar could rise by 3.5x
  • Copper
  • Zinc
  • The trend towards manufacturing larger modules will have a mixed impact on metal intensity.
  • Conclusion

Tables and charts

This report includes 4 images and tables including:

  • Aluminium consumption in solar under base case
  • Copper consumption in solar base case
  • Zinc consumption in solar under base case
  • Base metals demand in solar under different scenarios

What's included

This report contains:

  • Document

    Harnessing the sun and opportunities for base metals demand

    PDF 857.50 KB