https://copper.com.au/news/general/worlds-wind-turbines-drive-cop...

https://copper.com.au/news/general/worlds-wind-turbines-drive-copper/
Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed by 2028 says Wood Mackenzie. And that will use over 5.5Mt of copper.

Within a wind turbine, copper is used in the generator, power transformers, gearbox and tower cabling. Approximately 58% of copper consumed within wind installations is through cabling.

Here are just some of the wind turbine projects in the pipeline. I can't see the copper price falling too much from current pricing. If anything we should the price move higher like Goldman Sachs predicts


Here is an except from the Goldman Sachs "Copper is the new oil" document dated 13/04/2021.

Copper on a necessary path to $15,000. To capture the precise dynamics of this process we construct long-run models of scrap supply and substitution, as well as extend our balance out to 2030. The immediate conclusion is that current copper prices ($9,000/t) are too low to prevent a near-term risk of inventory depletion, while our current long-term copper ($8,200/t) is not high enough to incentivise enough greenfield projects to solve the long-term gap. If copper remains at $9,000/t through the next two years, then we estimate the resultant deficits would generate a depletion of market inventories by early 2023. Based on our scrap and demand modelling, we believe that the most probable path for copper price from here – that both avoids depletion risk and as well as a sharp surplus swing – is to trend into the mid-teens by mid-decade.

We now project copper to average $9,675/t in 2021, $11,875/t in 2022, $12,000/t in 2023 before a material step-up to $14,000/t in 2024 and $15,000/t in 2025. In this context, we upgrade our 12-month target to $11,000/t.