Green copper demand to average 13% annual growth over next 10 years – report

As the pace and shape of the green transition are fast becoming one of the key themes for the global economy, copper will experience a surge in demand over 2021-2030, earning a spot on market analyst Fitch Solutions’ list of commodities of the future.

Currently, demand for copper can be broken down into three broad categories: building construction, infrastructure, and manufacturing.

However, Fitch notes, the demand profile for copper will change as decarbonization goals accelerate in 2021, and lead to much more demand from the energy and automotive sectors.