"Ever since Thomas Edison’s enterprise laid 80,000 feet of copper wires under streets in Lower Manhattan in 1882, lighting up one square mile, copper has proved its mettle as the metal of electrification. In the century and a half since then, as copper has gone on to wire the world, the staggering growth in consumption has turned it into one of the most important materials of modern civilization."
From Exec Summary, this S&P report here.
Today, the world mines ~23 MMT of copper, and consumes around ~28 MMT (including reuse of scrap) every year. This demand is set to increase to 42 MMT by 2040, driven by Energy, AI and data centres beyond its core uses in economy.
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