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With more ambitious emissions targets coming, we need to have a bigger conversation about copper

Moves to acquire copper mines and mining companies by industry giants Rio Tinto and BHP are just the beginning of a looming global supply war for copper resources.

With more ambitious emissions targets coming, we need to have a bigger conversation about copper

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To keep pace with market demand as the world races to achieve more ambitious emissions reduction targets, Australian investors and governments must prepare for this now.

The current unprecedented war on copper is taking place as Australia, and the rest of the world commits, to lowering carbon emissions. With countries turning away from fossil fuels, and toward renewable energy sources which rely on electricity, this electrification requires extensive supplies of copper to support it.

Along with other critical minerals, copper in particular will play a key role in supporting the world's transition to cleaner, renewable sources of energy, thanks to its high ductility, malleability, thermal and electrical conductivity, and its excellent resistance to corrosion.

 

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Source: https://www.canberratimes.com.au/

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