The world will need an additional 10 million tonnes of copper to meet demand
Within a decade, the world could face a massive shortage of what is arguably the most critical metal for global economies: copper.
Copper industry to spend more than $ 100 billion to close what could be an annual supply gap of 4.7 million metric tonnes by 2030 as clean energy and transportation sectors take off , according to CRU Group estimates. The potential deficit could reach 10 million tonnes if no mines are built, according to commodity trader Trafigura Group. To close such a gap, it would be necessary to build the equivalent of eight projects the size of the giant Escondida of the BHP group in Chile, the largest copper mine in the world.
