Copper Supply and Demand Analysis Through 2040

This report is a study that analyzes the global outlook for copper supply and demand through the year 2040, emphasizing copper's critical role in supporting the growing needs of electrification, digitalization, and technologies such as artificial intelligence, data centers, electric vehicles, and defense. The document outlines the collaborative efforts of various teams within S&P Global, including those focused on energy transition consulting, metals and mining research, and electric power and renewable research. It provides an independent assessment of the challenges associated with meeting long-term copper demand, detailing the methodologies employed in the analysis and the metrics developed throughout the research process. The study does not make policy recommendations but instead presents a comprehensive evaluation of the factors influencing copper demand and supply, including economic trends, technological advancements, and the complexities of the supply chain. The findings aim to inform decision-makers in both the public and private sectors regarding the future landscape of copper utilization.