Headline: Copper designated as critical metal
⭐️ Copper is on the cusp of a generational shift
The U.S. Department of Energy’s (DOE) new designation of copper as a critical material follows the lead of the EU, China, Japan, and others in labeling the metal as critical – and shows copper is on the cusp of a generational shift from an everyday material to a geopolitically significant commodity.
⭐️ Strategic importance
This new strategic importance stems from copper’s criticality to a wide range of clean and renewable energy technologies, such as waste heat recovery and electric vehicles, which can reduce global GHG emissions by two-thirds. As a result, experts estimate copper demand is set to double between 2035 and 2050 as industries work to meet their climate goals.
⭐️ The new oil
This new strategic importance stems from copper’s criticality to a wide range of clean and renewable energy technologies, such as waste heat recovery and electric vehicles, which can reduce global GHG emissions by two-thirds. As a result, experts estimate copper demand is set to double between 2035 and 2050 as industries work to meet their climate goals.
It is no wonder, then, that some are referring to copper as “the new oil.” To reflect this new reality, policymakers in Washington must treat copper as a critically important commodity.
⭐️ Copper foundation
The shift from a global economy built entirely on oil to a digitized and electrified future, with copper at its foundation, has already begun. If Washington wants the U.S. to lead this global shift, it must recognize copper as a critical material for the nation’s future economic and national security.” Quote
https://www.realclearenergy.org/articles/2023/10/18/doe_is_right_copper_is_critical_for_americas_new_energy_economy_986948.html
Lets hope we can take advantage
Add to My Watchlist
What is My Watchlist?
