As green technologies like electric vehicles (EVs) continue to drive copper demand, new research on the automotive market, copper substitution and miniaturisation, commissioned by the International Copper Association (ICA), sheds light on expected trends for the industry.
While the world races to meet its net-zero carbon commitments, and consumers and investors increasingly look to clean technologies, the need for green solutions is on the rise. Due to its natural conductivity and energy efficiency, copper plays a significant role in the green transition. Applications that have the potential to abate up to two-thirds of global greenhouse gas emissions—from electric vehicles (EVs) and infrastructure to renewable energy—rely on copper. As the need for these technologies increases, global copper demand is projected to double by 2050. Key segments, such as the automotive market, are a microcosm of this broader trend, with innovations in electric and autonomous vehicles amplifying copper demand in the sector. For example, research commissioned by the International Copper Association (ICA) and conducted by IDTechX suggests that by 2040, vehicle-driven copper demand is expected to increase by 143 percent from 2020 levels.
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.