Insight
Harnessing the sun and opportunities for base metals demand
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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:
Other reports you may be interested in
Commodity Market Report
Global graphite investment horizon outlook Q3 2024
China's challenging 2024 to date is juxtaposed against an under-invested and under-supplied European and North American graphite market.
$10,000
Insight
Australian mining exploration spend is breaking out of trend
Signs of increased exploration expenditure for gold, base metals, iron ore and coal point to renewed optimism
$1,050
Insight
Risks and opportunities in the long-term copper market
The copper team delivered the attached presentation as part of Wood Mackenzie’s Tokyo Metals & Mining Forum on 29 August.
$1,050
