Copper
Copper is a strategic, highly ductile semi-precious metal with high thermal and electrical conductivity and excellent corrosion resistance properties. One of the primary uses of copper is in electrical applications, where its excellent conductivity makes it ideal for wiring, electrical circuits, and motors. The metal’s malleability and ductility also contribute to its widespread use in various industries, including construction, plumbing, and telecommunications. Copper’s corrosion resistance adds to its durability, making it a reliable choice for long-lasting infrastructure.
Demand for copper has grown with the market moving from surplus to deficit, putting pressure on stocks and having the effect of increasing prices with analysts estimating a continuous rise in prices.
This pressure is expected to increase with a greener future and a low carbon global commitment. Copper plays a pivotal role in the development and implementation of sustainable technologies, making significant contributions to the global efforts towards a greener future.
Copper is a critical metal for the generation of electricity from sources like solar and wind which demand large amounts. For example, each 3-megawatt wind turbine can contain over 4 tonnes of copper, with further demand coming from the accompanying electrical infrastructure they require.
Beyond its role in green energy, copper is used in many different everyday items. From household wiring and plumbing to electronic devices and transportation infrastructure, copper’s versatility makes it an indispensable material in modern society.
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