[Full original article can be found here: https://www.nasdaq.com/articles/is-your-portfolio-prepared-for-the-impending-copper-shortage] Is Your Portfolio Prepared for the
Impending Copper Shortage?
July 27, 2023 — 04:25 pm EDT
Written by editorial@vettafi.com (ETF Trends) for ETF Trends
[EXCERPT s follows]
The global transition to net-zero emissions will require enormous amounts of investment, regulatory support, and raw material. In electrification metals, the demand ramp-up is particularly significant but can current supply capabilities keep up? In copper, that answer looks to be a resounding no.
The additional usage of copper in renewable energy and emissions reductions creates a 17% demand increase by 2030 just for electrification purposes, Aditi Rai, analyst at Goldman Sachs, told Mining.com. In a true net-zero scenario, that demand increases to 54% by 2030, in addition to already forecast increases in general demand.
McKinsey currently forecasts that production will need to increase 45% by 2031. It’s the “equivalent to doubling production from the top four copper-producing countries,” they wrote in a recent article on the necessity of regulatory efficiency in the net-zero transition. McKinsey also forecasts a copper supply gap of 6.5 million tons by 2031 ...
[The remining portions of this rticle cn be found t the link provided bove.]