A Coming Copper Shortage Could Derail the Energy Transition, Report Finds

14 Jul 2022 | Abstracted from CNBC

"Electric vehicles, solar and wind power, and batteries for energy storage all run on copper. An EV requires 2.5 times as much copper as an internal combustion engine vehicle, according to S&P Global. Meanwhile, solar and offshore wind need 2 and 5 times, respectively, more copper per megawatt of installed capacity than power generated using natural gas or coal.

"The report forecasts copper demand nearly doubling over the next decade to 50 million metric tons by 2035. By 2050, demand will reach more than 53 million metric tons."

ADDITIONAL RELATED NEWS LINKS

• Lithium Is Not Oil: A Critical Minerals Perspective On What Makes A Resilient Energy Transition


• Innovation in EVs Seen Denting Copper Demand Growth Potential


• The EV Revolution: Kiplinger Economic Forecasts


• Tesla's co-Founder Just Made A Game-Changing Announcement About the Future of EV Batteries


• The Squeeze On Powering the Open Road


• Ten Questions About the Disruptive Materials at the Center of the Clean Energy Transition


• U.S. Seeks to Thwart China with African EV Battery Deal


• Saudi Arabia Can Be Global Minerals Hub In Race to Green Energy Transition - Report


• Fund Managers Should Push Lithium, Copper Miners to be Better Role Models On Environment, Labour Issues, Proxy Advisory Firm Says


• Canada Has Dozens of Critical Minerals. Here Are the Key Ones and How They Are Used