Analysiscopperminingcritical mineralsrecycling
Copper Supply Faces Growing Global Shortfalls
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7.1
Our March 2026 analysis finds demand for copper—driven by AI data centers, electric vehicles, and rising air-conditioning—will outpace supply, causing global shortfalls through 2050. Even optimistic scenarios yield about 30 million metric tons mined annually by 2050 versus a projected need of 37 million, with recycling supplying up to 35%, implying higher prices and streamlined permitting are required to expand production.
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