COPPER COMMUNIQUÉ: In the race to net zero, ‘Copper is the new oil’ – but at what cost?

COPPER COMMUNIQUÉ: In the race to net zero, ‘Copper is the new oil’ – but at what cost?

Copper, according to Goldman Sachs, ‘is the new oil’ deemed most important for decarbonisation. Demand for the metal, used in large quantities in wind, solar, electric vehicles and energy infrastructure, is set to increase by 600% by 2030. Wealthy nations and companies associated with copper related products are by proportion the highest consumers of the metal, and so are generating most of the demand.

SALAR DE COIPASA, ORURO DEPT., BOLIVIA

SALAR DE COIPASA, ORURO DEPT., BOLIVIA

Located in Tarapacá region and crossed by the Bolivian border, Coipasa Salt Flat is under dispute since exploration works carried by the Canadian Lithium Chile were rejected by local Aymara communities because of the potential damage on wetlands that sustain both wildlife and cattle (alpacas).