Report by S&P Global Energy & Market Intelligence

S&P Global's comprehensive study (116 page report) identifies a transformative trajectory for copper demand, projecting a surge from 28 million metric tons in 2025 to 42 million metric tons by 2040 – a 50% increase that underscores the metal's pivotal role in multiple technological and economic domains.

However, meeting the call on copper confronts significant supply obstacles both above and below ground. The study projects a potential 10 million metric ton copper shortfall by 2040 without meaningful supply expansion. This demand growth – and addressing the looming challenges to meeting it – is what this report is about. But what is driving this copper demand? 

Gain strategic insights into the role of copper and the challenges of electrification.