Sources: copper.org, copperalliance.org, Bernstein
Today’s fleet of electrical vehicles is less than 1% of total global car fleet. This number is expected to grow to 12% by 2030, requiring an additional 15MT of copper.
Wind capacity is set to almost triple over the next decade from ~600 Gigawatts (GW) to 1800 GW. This will require additional 7_MT of copper by 2030.
Solar capacity is set to increase six fold over the next decade from ~500 GW to ~3000 GW. This alone will require an additional 11-12 MT of copper by 2030
Sources: RENA.org. WoodMac, Mckinsey, Deloitte, IEA.org