In the Near Future…

…clean energy sources are set to take a larger portion of the global energy mix. The transition will require more copper than is currently planned for production.

Copper demand from Electric Vehicles (“EVs”), Wind and Solar Energy alone is expected to require at least 3-4mm tonnes of production annually from 2020-2030 in a total annual copper market of 25mm tonnes.

Copper production has been growing only 1% per year since 2015.

Sources:,, Bernstein


Copper is a Critical Component of the Clean Energy Supply Chain

The generation of clean energy from solar and wind has a copper usage that is 4-6x more than in power generation from fossil fuels. 


Electrical Vehicle

Today’s fleet of electrical vehicles is less than 1% of total global car fleet. This number is expected to grow to 12% by 2030, requiring an additional 15MT of copper.


Wind Farm

Wind capacity is set to almost triple over the next decade from ~600 Gigawatts (GW) to 1800 GW. This will require additional 7_MT of copper by 2030


Solar Technology

Solar capacity is set to increase six fold over the next decade from ~500 GW to ~3000 GW. This alone will require an additional 11-12 MT of copper by 2030

Sources: WoodMac, Mckinsey, Deloitte,