Copper Demand is Coming
It’s forecast that copper demand could grow by nearly 10 million tonnes, representing roughly 35% growth.
This is due to its importance in everything from power grids to batteries
Demand for copper is expected to see between 4-6% annual growth over the next 8 years.
To put things into perspective the average annual growth in copper demand between 2010 and now is just 2.5%.
In other words:
From here on out global demand for copper is expected to grow at twice the rate it has in the past decade and a half.
This is due to its importance in everything from power grids to batteries
Demand for copper is expected to see between 4-6% annual growth over the next 8 years.
To put things into perspective the average annual growth in copper demand between 2010 and now is just 2.5%.
In other words:
From here on out global demand for copper is expected to grow at twice the rate it has in the past decade and a half.
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