Copper Becoming An Even More Vital Ingredient To Human Progress – Here’s Why

…As we transition to a green energy paradigm, copper will become an even more vital ingredient to human progress… Today’s infographic comes to us from Kutcho Copper, and it dives into copper’s applications with a focus on those in renewable energy.

The original article has been edited here for length (…) and clarity ([ ])

Every year, humans gobble up around 28 million tonnes of the metal in uses mainly related to its electrical properties – and as we transition to a green energy paradigm, copper will be an even more vital ingredient to human progress than it is today.

Renewable energy systems consume approximately five times more copper than conventional power generation systems, making the metal essential for any successful transition to fossil fuel alternatives. By 2035, Bloomberg projects a 43% penetration of EVs in the light-duty vehicle market, which will be roughly equal to 110 million cars. Using the above ratios, that’s about 3.6 million tonnes of extra copper demand – equal to about 15% of the current market.

Copper projects are notoriously large-scale in size, and the pipeline of new projects is the lowest in a century. As a result, analysts are expecting that the long-anticipated supply crunch might come sooner than expected.

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