Global copper demand to rise 20% by 2035 to 30 million mt/year: Nornickel

Russia’s Nornickel sees the global copper market largely balanced and expanding incrementally, by 2%-3% this year and in 2024, and expects it to reach cumulative growth of 20% by 2035 as development of electric transport, electricity transmission grids and renewable power generation will push demand up to 30 million mt/year, from 24.8 million mt in 2022. At present, and in…Russia’s Nornickel sees the global copper market largely balanced and expanding incrementally, by 2%-3% this year and in 2024, and expects it to reach cumulative growth of 20% by 2035 as development of electric transport, electricity transmission grids and renewable power generation will push demand up to 30 million mt/year, from 24.8 million mt in 2022. At present, and in…  Read More