Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2028, which will consume in excess of 5.5Mt of copper, according to new analysis by Wood Mackenzie.
“Wind technology is the most copper-intensive form of power generation and is anticipated to consume the largest amount of copper over the next ten years in this sector,” said Henry Salisbury, Wood Mackenzie research analyst in a media statement.
Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.