Navigating the Future: Assessing Long-Term Global Copper Supply Sustainability Amidst Ambitious Energy Transition Goals

  • Author
  • PEYRET Maylis
  • Co-authors
  • GONAND Frédéric
  • Abstract
  • As nations and industries pivot towards renewable energy sources, electric mobility, and green infrastructures, the demand for metals is expected to surge to unprecedented levels. This article relies on the theoretical modelling of metal markets in the long term to simulate the potential impacts of energy transitions policies on the price dynamics of copper on global markets. We use a framework based on the Cumulative Availability Curve (CAC) approach and incorporate demand-side factors such as the level of development and green transition goals. Results suggest that a) energy transition policies, especially those aiming for net-zero emissions, frontload the surge in demand for copper, yet b) over the next few decades the world demand for copper could also be driven by the unimpeded economic growth outside of energy transition considerations in major demographic regions, and c) around 2050, the world price of copper is expected to be quite comparable in both scenarios, and high by historical standards. In summary, this suggests that the sustainability of the demand for copper may be preserved although at a high price. Recycling and/or technological progress hold the potential to mitigate these sharp price increases.

  • Keywords
  • sustainability, copper, peak, energy transition, metals, markets
  • Modality
  • Comunicação oral
  • Subject Area
  • Energy Policy and Regulation
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  • Oil and Gas Markets and Investments
  • Energy Security and Geopolitics
  • Electricity markets
  • Energy and finance
  • Energy demand
  • Country studies
  • Energy and society
  • Energy Policy and Regulation
  • Climate Change: mitigation and adaptation
  • Disruptive innovation and energy transition
  • Energy and macroeconomics
  • Local governments
  • System integration
  • Energy and transport
  • Regional energy integration
  • LNG Markets in Latam
  • Social Dimensions of Energy Transition
  • Variable Renewable Energies
  • Distributed Energy Resources
  • System Integration, Energy Networks and Resilience
  • Energy Investment and Finance
  • Energy Market Design
  • Technology, Innovation and Policies
  • Low Carbon Hydrogen
  • Bioenergy and Biofuels
  • Energy and Development
  • New Supply Chains
  • Future of Utilities
  • Energy Efficiency
  • Energy Modeling
  • Energy and Macroeconomics
  • Energy Subsidies
  • Transportation and (e-) mobility
  • Nuclear Energy in Latam