Association unpacks likely copper demand trends driving growth up to 2040

Research commissioned by the International Copper Association (ICA) has found that copper’s future market share will be defined by regional trends and the green energy transition. The research, which was undertaken by CRU Group, deems it likely that copper demand will grow from 28.3-million tonnes in 2020 to about 41-million tonnes by 2040, representing a compound annual growth rate (CAGR) of 1.85%.