From the McKinsey report: ( http://www.yourrenewablenews.com/news_item.php?newsID=140164 )
"The research models two scenarios for resource supply and resource demand. The first is a “moderate” technology adoption case, which assumes improved energy productivity from the greater deployment of technology to support energy efficiency, continued falling cost of renewables, and incremental improved productivity of resource producers. The second scenario, the “tech acceleration” case, assumes a faster rate of adoption of technologies by both consumers and producers, potentially cutting energy demand and sharply increasing productivity. These trends will strongly affect the outlook for major commodities. The price correlation that was evident during the 2003-15 supercycle is unraveling, and prospects for ‘growth commodities’ and ‘declining commodities’ are diverging:
· Demand for oil, thermal coal, and iron ore could peak before 2035, according to the report’s technology acceleration scenario.
· Natural gas will continue its growth but demand could limited by the growth of renewables.
· By contrast, demand for copper, which is widely used in the electronics industry, is likely to continue growing."
Regards
Coop
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The Economist - Copper Article, page-2
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