A refrain heard over and over again during Fastmarkets' virtual Copper Seminar earlier this month was that copper demand is accelerating globally while mining supply remains short.
"According to our estimates, the demand for copper - primarily driven by the transition to low-carbon energy, technologies and electrification - will go from just under 30 million tonnes [per year] today to about 60 million tpy by 2050," Kunal Sinha, global commercial lead at Glencore Recycling, said during a scrap-focused panel at the virtual Fastmarkets Copper Seminar on March 12.The global deficit between refined copper demand and supply was 157,000 tonnes in 2017,...