Copper Demand Set to Surge as EVs and Solar Energy Take Off

Copper is often called 'Dr. Copper' due to its ability to diagnose global market shifts, but analysts warn that we may be heading for a structural copper deficit.

This deficit would result from massive demand fueled by the rise in consumption of electric vehicles (EVs), solar energy, and infrastructure projects.

According to S&P Global, global copper demand could jump from about 28 million tonnes today to nearly 42 million tonnes by 2040, a roughly 40-50% increase.