According to an S&P report on The Future of Copper, copper demand is expected to almost double by 2035 and will continue to grow as the world pursues the global transition to net zero. Copper’s natural conductive properties make it the material of choice for electrification, a foundational strategy for meeting the goals of the Paris Agreement. Nearly 70 percent of copper is used in electrical applications due to its high electrical and thermal conductivity and safety.
Green technologies, such as renewable energy systems, electric vehicles (EVs) and energy-efficient infrastructure, rely on copper, and as the world implements these technologies, demand for copper will continue to climb. For example, renewable energy systems require up to 12 times more copper than fossil fuel-based systems, and EV’s use between two and three times more copper than internal combustion engine (ICE) vehicles.
Consequently, copper remains a global enabler of the green transition and supports technologies essential to the decarbonization of other industries, especially the buildings and construction, transportation, and energy sectors.
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.