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.