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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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