Copper news, page-1035

Two days ago PwC released a comprehensive report on the impact of climate change on the processing of 9 critical minerals including copper.

The main conclusion was:
More than 70% of critical minerals key for the net zero energy transition at risk from climate disruption: PwC 2024 Climate Risks to Nine Key Commodities Report

• More than 70% of the production of copper, cobalt and lithium – minerals crucial for the clean energy transition – could face significant or higher drought risk by 2050 under a high emissions scenario. Up from less than 10% today.

• By 2050, even if the world sharply reduces its carbon emissions, over 70% of cobalt and lithium production could face significant, high, or extreme drought risk – up from near zero today. Less than 10% of copper production faces significant or greater drought risk today, rising to over half in a 2050 low emissions scenario and over 70% in a high emissions scenario. Cobalt, copper and lithium are integral to electronics and clean-energy technologies.