S&P Global Warns Copper Deficit Could Hit 10 Million Tons By 2040 As Energy Transition Drives Demand, Sparking ‘Systemic Risks’

S&P Global has warned that without additional mining and recycling efforts, the copper industry could face a deficit of over 10 million metric tons by 2040, which could result in nearly a quarter of the projected demand remaining unmet.
According to the Copper in the Age of AI report released on Thursday, S&P expects demand for the red metal to soar to 42 million metric tons annually by 2040, a 50% increase from 2025.
The AI, defense, and robotics sectors are expected to be the primary drivers of this surge, with China and Asia-Pacific countries leading the demand growth. The agency forecasts that energy transition demand will be the largest source of copper demand growth between 2025 and 2040, requiring an …Full story available on Benzinga.com

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