Curated News
By: NewsRamp Editorial Staff
January 08, 2026
Copper Demand to Surge 24% by 2035, Driven by Electric Vehicles and Renewables
TLDR
- Investors can gain advantage by targeting copper and platinum mining companies like Platinum Group Metals Ltd. as demand surges 24% by 2035.
- Copper demand will reach 42.7 million tons annually by 2035, driven by electrification initiatives including electric vehicles and renewable energy systems.
- Increased copper production supports global electrification, making renewable energy and electric transportation more accessible for a sustainable future.
- Platinum extraction may face similar supply challenges as copper, creating parallel opportunities in the mining sector.
Impact - Why it Matters
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.
Summary
A recent report from Wood Mackenzie projects that global demand for copper will surge to 42.7 million tons annually by 2035, representing a substantial 24% increase from current levels. This dramatic growth is primarily driven by the global transition to electrification, particularly through the rapid expansion of electric vehicle production and renewable energy systems, which are creating unprecedented long-term demand beyond traditional construction and industrial applications. The report highlights how these emerging technologies are fundamentally reshaping the copper market, creating both opportunities and challenges for the mining industry.
While much attention has focused on copper supply constraints, the report suggests similar dynamics may be unfolding in the platinum extraction industry, where companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) may need to significantly expand their operations to meet growing demand. The analysis indicates that addressing these supply challenges will require massive investment, with some analysts suggesting that $210 billion in investment is needed to boost copper mining capacity to meet projected demand. This investment gap represents both a critical challenge for the industry and a significant opportunity for investors and mining companies positioned to capitalize on these trends.
The report was published by MiningNewsWire (MNW), a specialized communications platform focused on developments in the Global Mining and Resources sectors. MNW operates as part of the Dynamic Brand Portfolio within the Investor Brand Network (IBN), providing comprehensive corporate communications solutions including press release distribution, editorial syndication to over 5,000 outlets, enhanced press release enhancement services, social media distribution, and tailored communications strategies. This platform serves as a crucial information hub where breaking news, insightful content, and actionable information converge for investors, industry professionals, and the general public interested in mining sector developments.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Copper Demand to Surge 24% by 2035, Driven by Electric Vehicles and Renewables
