Global mining giant BHP released a report on Monday (30 September) stating that the energy transition is expected to increase copper demand by one million tonnes (mt) per year until 2035. The energy transition has seen an influx of copper-intensive technologies deployed,

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.

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,

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.