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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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Asian spot copper premiums rose in the week ended Tuesday July 23, with premiums imported into China increasing on improved arbitrage terms. In the US market, supply failed to keep up with strong demand while in Europe participants were mostly off for the summer holidays
In the fourth episode of Fastmarkets critical minerals podcast Fast Forward, Freeport-McMoRan CEO and president Kathleen Quirk tells host Andrea Hotter why there’s a preference to build and not build new supplies of copper right now
Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.
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