Insight
Copper energy transition outlook 2024
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Copper will play an important role in achieving energy transition-related goals. The rapid uptake of clean technologies such as solar, wind, energy storage and electric vehicles plus related infrastructure will underpin future copper demand. The impact to total demand will be even larger if the deployment of clean energy is faster under the Net zero and Pledges scenario compared to the base case (ETO). Our analysis indicates that cathode consumption would be 7.8 Mt higher in 2040 under a Net zero scenario versus the Base case. This translates into an 8.1 Mt requirement by 2034 (14.4 Mt by 2040) for new copper supply from mining projects yet to be sanctioned compared to 4.4 Mt (9.6 Mt) under our base case.
Table of contents
- What are the implications for copper demand?
- How will the supply side respond?
- Scrap use will rise under Net zero
- What does the Net zero and Pledges scenario mean for prices?
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Webinar: Energy transition outlook 2023
US$75 trillion needed by 2050 to achieve net zero
$3,000
Insight
CCUS: 10-year market forecast (2024 - 2034)
A forecast of capture and storage capacity build-out and investment opportunities across countries and sectors.
$1,250
Insight
Fervo Energy goes public: is next-generation geothermal ready for the mainstream?
Fervo Energy's IPO makes history as the first EGS company to go public. What does it mean for next-generation geothermal?
$1,250
