Why Copper?
Global Decarbonization
Copper is one of the most heavily used metals in renewable energy systems and is the least carbon intensive.
Fundamental to Urbanization
Copper is an essential component in infrastructure and electrical wiring and has no practical substitute.
Electrification of Vehicles
EV’s require nearly 4x more copper than a conventional gas vehicle; production and sales expected to be more than 50% of vehicle sales by 2035.
Lack of Supply
Supply expected to peak in 2025 due to declining grades, protracted permitting timelines and underinvestment.
Copperis a critical metal and plays a vital role in global electrification
1. Internation Energy Agency (“IEA”) – Global Critical Minerals Outlook 2024. Chart is based on the IEA’s base case for copper supply and the Stated Policies Scenario
(“STEPS”) for demand. The STEPS scenario is the most conservative scenario for supply of the 3 scenarios IEA contemplates.