How lack of copper could slow the energy transition. copper mining
Sign Up for the Copper DigestCopper is an efficient electrical conductor that’s relatively abundant, and there’s no obvious substitute. You can find it in all kinds of products, from toasters to air conditioners and computer chips. There are about 65 pounds of copper in the average car and more than 400 pounds in the typical home. Decarbonizing power networks, transportation and industry will require far more of it than is currently available.
These companies got badly burned in the past when the industry cycle turned and they found themselves boosting output just as demand was falling. Since then, they have prioritized strong balance sheets and become more wary of investing in new projects. The specter of global inflation makes heavy capital spending even less palatable as it pushes up operating and borrowing costs. What is more, rich copper deposits are getting harder, and more expensive, to find.
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