In an era defined by sustainability, efficiency, and reliability, the choice of infrastructure materials is more significant than ever. With the global population projected to surge to 9.8 billion by 2050 and 11.2 billion by 2100, there is a pressing need for substantial investment in infrastructure. Forecasts suggest that between 2016 and 2040, an annual investment of 3.2 trillion dollars will be required to accommodate this growth.
As we address the challenges of expanding and upgrading infrastructure, it is essential to consider materials capable of withstanding the demands of global transformation, technological advancements, economic progress, and climate change. One element that has consistently proven invaluable and indispensable in these contexts is copper.
Copper has historically met many of these challenges and remains nearly irreplaceable. Approximately 60% of global copper production is dedicated to electrical applications, and copper is prevalent in every infrastructure sector, including utilities, transportation, communications, and energy production and distribution. Its unique properties make it a responsible infrastructure choice. Copper is highly sustainable and plays a significant role in alternative energy sectors such as electric vehicles, energy-efficient equipment, and solar and wind power installations. Wind power alone is projected to consume an average of 548 kilotonnes of copper annually.
A remarkable feature of copper is its endless recyclability. Nearly two-thirds of the 690 million tonnes of copper produced in the last century are still in use, actively contributing to various applications. Many semi-finished copper products, like plumbing tubes, brass rods, and flat rolled products, contain over 50% recycled content from both pre- and post-consumer sources. This recyclability reduces the need for primary mining, conserves natural resources, and lowers the carbon footprint of copper-based infrastructure projects. Copper is also highly durable, even in harsh environments, earning the reputation as the gold standard in water piping, with a lifespan of 50 to 70 years as attested by the U.S. Department of Housing and Urban Development.
Copper’s exceptional physical properties balance strength, formability, corrosion resistance, and the ability to form alloys for specific applications. Its electrical conductivity makes it ideal for energy-efficient electrical infrastructure, delivering minimal electrical losses from generation to use. Copper’s thermal conductivity is equally vital for electrical and mechanical systems, making it ideal for next-generation heating, cooling, and refrigeration. This high thermal and electrical conductivity prevents overheating, allowing equipment and systems to run cooler and last longer.
We are in a unique position to address current and future infrastructure demands responsibly. Copper stands out as an enduring partner in this endeavor, offering a pathway to a more sustainable and resilient future.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
