Copper Deficit To Reach 4 Million Tons By 2030: Analyst Insights on Mining and Electrification
Thursday, 12 September 2024, 05:42
Impending Copper Deficit Overview
The forecast indicates a looming copper deficit of 4 million tons by 2030, driven largely by the increasing reliance on copper in electric vehicles (EVs) and renewable energy. Despite various substitution efforts, analysts predict that these measures will not suffice to meet demand.
Challenges in Supply
- China's insatiable demand continues to complicate supply logistics.
- Electric vehicle production ramps up, intensifying the need for reliable copper sources.
Analyst Recommendations
JPMorgan has identified several key players positioned to excel amidst this deficit:
- Teck
- Lundin
- Sandfire
- Zijin Mining
- CMOC
- Rio Tinto
- Anglo American
Investors should keep a close eye on these companies as they may capitalize on the expected supply constraints.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.