Is There a Copper Shortage Looming?
Copper is among the three most used metals in the world, and high quantities of red metal must be mined every year to meet global demand. Copper is the second best metal for conducting electricity. That’s why 75% of copper is used in electrical wires or for wiring in machinery. From power grids to motherboards, copper wire is indispensable to modern society. The problem is: that copper is not being discovered fast enough to meet upcoming demand. A study by Wood Mackenzie found that there will be a 10 million tonne supply deficit by 2028.
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