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Copper Demand to Surge 24% by 2035, Driven by Electric Vehicles and Renewables

Copper demand projected to reach 42.7 million tons by 2035, driven by electric vehicles and renewable energy. Mining industry faces $210B investment challenge to meet growing demand.

This news matters because copper is fundamental to the global energy transition and technological advancement. The projected 24% increase in demand by 2035 directly impacts consumers through potential price increases for electric vehicles, renewable energy systems, and electronic devices that rely on copper components. For investors, this creates significant opportunities in mining companies and related sectors, while also highlighting potential supply chain vulnerabilities that could slow the adoption of clean energy technologies. The parallel concerns about platinum supply suggest broader challenges in securing critical minerals for the green economy, making this a crucial issue for policymakers, manufacturers, and anyone concerned about climate change mitigation and technological progress.