AI and Defence Set to Drive Global Copper Demand 50% Higher by 2040
Global Copper Demand Set to Rise 50% by 2040 as AI and Defence Growth Outpaces Supply Rapid growth in artificial intelligence and defence industries is expected to push global copper demand up by 50% by 2040, while supply is projected to fall short by more than 10 million metric tons per year without significant expansion in mining and recycling, according to a new report by S&P Global. Copper remains a critical industrial metal due to its high electrical conductivity, corrosion resistance and ease of fabrication. It is widely used across…
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