The rest of the Goldman Sachs report noted "Discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen,'. The report added copper will be needed to create the new infrastructure systems required for clean energy to replace oil and gas, however, there has not been enough of a focus on this so far according to the report. Demand will therefore significantly increase, by up to 900% to 8.7 million tons by 2030, if green technologies are adopted en masse, the bank estimates. Should this process be slower, demand will still surge to 5.4 million tons, or by almost 600%. Goldman Sachs recently upgraded its 2025 price target to $15,000 per metric ton ($6.80/lb).
https://www.kitco.com/news/2021-04-26/Copper-breaks-resistance-to-trade-at-levels-not-seen-since-2011.html