Betting on red: why green energy calls for copper

• Deemed the "new oil" by Goldman Sachs and a critical element in the renewable energy industry, the next decade could prove to be critical for copper
• Copper has found its latest resurgence in the electric vehicle, which require three and a half times more copper than an internal combustion car
• Renewable energies such as wind, solar and hydro are also understood to require significantly more copper than their fossil fuel counterparts
• Goldman Sachs research has indicated a lack of new copper projects could be tightening the market, potentially leaving demand and supply at odds
• ASX-listed copper players therefore believe this could create openings for them in the medium-term

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