Copper: A Key Mineral for the Energy Transition
Copper is the oldest and most prevalent metal in the history of civilization. It has been integral to humanity’s technological evolution, earning it the title of the “metal of civilization.”
Today, copper concentrate is sold and transported by ship to smelters in Chile and around the world for refining. It is used by various industries to produce semi-manufactures for a wide range of consumer goods. Over 65% of global demand comes from the construction industry and the manufacturing of electrical and electronic products. Other significant uses include industrial machinery, transportation, and consumer products.
Copper now plays a crucial role in addressing global climate change challenges, particularly in the energy transition toward low-emission technologies. Due to its high conductivity, copper is a key component in renewable power generation and is used in a wide range of technologies and applications that promote the sustainable use of cleaner energy sources, such as electromobility. As demand for green technologies continues to grow, copper’s importance in the energy transition will only increase.