BHP (NYSE:BHP) expects world copper demand will rise by ~70% to more than 50M metric tons/year by 2050, driven by copper's role in existing and emerging technologies, as well as the world's aspirations for a shift to clean energy,

Australian miner BHP expects the world to consume an extra 1 million metric tons of copper per year on average until 2035 due to the adoption of copper-intensive technologies, double the annual volume growth in the past 15 years.

The energy transition is expected to increase copper demand by 1 million tonnes each year until 2035, BHP predicts.

BHP (ASX, NYSE: BHP) projects that global copper consumption will increase by an additional 1 million tonnes annually, on average, until 2035. This is largely due to the adoption of copper-intensive technologies, doubling the growth rate seen over the past 15 years.