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Copper is critical to the energy transition. It is already used widely in electrical cabling applications, and the greater need for wiring in electric vehicles (EVs) and in renewable electricity generation will add to consumption from other, traditional sectors.
In 2022, traditional sectors accounted for 92% of refined copper demand, with energy transition sectors, such as wind and solar power and EVs, accounting for the rest.
The Fastmarkets copper long-term forecast leverages our heritage in providing price data and market intelligence in the copper market. These insights are paired with economic modeling and data to provide market participants and investors with unmatched clarity on how the copper market will evolve in the next 10 years.
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Discover how fear, deglobalization and AI are transforming the copper market. Insights from the Fast Forward podcast’s interview with David Lilley of Drakewood Capital.
The Democratic Republic of Congo’s (DRC) state-controlled Entreprise Générale du Cobalt (EGC) announced its first copper and cobalt shipments to Swiss traders Trafigura and Mercuria on Monday February 9, with Trafigura using the Lobito Corridor to transport commodities.
Malaysia implemented an absolute ban on imports of electronic waste (e-waste) to take immediate effect on Wednesday February 4, in an attempt to tighten environmental controls and curb illegal shipments, Fastmarkets understands.
For a brief moment, the mining sector allowed itself to consider a bold idea: Rio Tinto and Glencore in merger discussions.
Glencore’s share price fell sharply on Thursday February 5 after Rio Tinto confirmed it was no longer pursuing a potential merger, ending weeks of speculation about a combination that would have created one of the world’s largest mining companies.
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Understand supply/demand balances in the copper market over the next decade
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