S&P Global estimates that the demand for copper will increase by 50% by 2040, driven by advances in AI technology and increased defense spending.
Raluca Ioana Draghici
Economy
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According to an estimate from S&P Global, global copper demand will increase by 50% by 2040, reaching 42 million tons per year, due to advancements in artificial intelligence (AI) and rising defense spending. Currently, copper supplies are expected to remain over 10 million tons behind demand, with risks of covering nearly a quarter of the need without new sources of supply. Copper, essential in construction, transportation, and technology, will be increasingly in demand due to electrification and AI projects, including data centers valued at nearly $61 billion. Additionally, the conflict in Ukraine and defense measures from various countries will contribute to rising demand. Chile and Peru remain the main producers, while the United States imports half of its annual copper needs. S&P used a different methodology compared to previous forecasts, emphasizing that demand will continue to grow regardless of climate policies.
Sources
Cererea de cupru va creşte cu 50% până în 2040 graţie AI şi cheltuielilor pentru apărare, estimează S&P
Cererea de cupru va creşte cu 50% până în 2040 pe fondul boom-ului AI şi cheltuielilor pentru apărare – S&P
Cererea de cupru va crește cu 50% până în 2040 grație AI și cheltuielilor pentru apărare, estimează S&P
Inteligenţa artificială şi cheltuielile pentru apărare vor duce la o creştere de 50% a cererii mondiale de cupru până în 2040
AI va crește cererea de cupru cu 50% până în 2040, dar sunt necesare mai multe mine pentru a asigura aprovizionarea, afirmă S&P
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