The future of the copper market

October 01, 2024 / www.woodmac.com / Article Link

The copper market is on the brink of transformation, driven by increasing demand for copper-intensive technologies and the urgent need for sustainable practices across the metals and mining industry.

Our latest copper infographic offers a comprehensive overview of the future of the copper market, detailing the key trends and projections that will shape the industry through 2034.

Fill out the form at the top of the page to download the infographic, which explores:

  • Demand drivers: An analysis of the primary factors fuelling copper demand, including population growth, urbanisation, electrification and the global push for decarbonisation.
  • Supply dynamics: Insights into projected mine output, with the anticipated peak of 25.7 million tons by 2026 and the looming supply gap of 4.7 million tons by 2034 emphasising the need for timely project sanctions.
  • Price projections: A look at the expected fluctuations in copper prices, with near-term peaks projected at USD $10,073 per ton, and long−term forecasts indicating a steady price of USD $8,267 per ton by 2034.
  • Regional growth trends: An overview of refined copper capacity growth across key regions.

Download the infographic

Fill out the form at the top of the page to download your free copy now.

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