$PMMCF The demand for copper is growing exponentia
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Posted On: 03/31/2022 1:44:04 PM
$PMMCF The demand for copper is growing exponentially. In 2021 we saw copper hit its highest level after its 2020 lows. The copper price rappy is set to simmer for 2022, however the demand for the metal is set to only increase in the coming decades. In the next 20 years alone, an increase of up to 50 percent is expected, and this growth is part of a broader trend. Why has there been a jump to invest in copper?
As the World Bank’s 2017 report titled “The Growing Role of Minerals and Metals for a Low-Carbon Future” shows, demand for metals, including copper, could rise tenfold by 2050 as the world moves towards a low-carbon energy future. Countries such as China have taken steps to stockpile their copper reserves in preparation for the shift towards the renewable energy trend. https://insiderfinancial.com/pmmcf/
As the World Bank’s 2017 report titled “The Growing Role of Minerals and Metals for a Low-Carbon Future” shows, demand for metals, including copper, could rise tenfold by 2050 as the world moves towards a low-carbon energy future. Countries such as China have taken steps to stockpile their copper reserves in preparation for the shift towards the renewable energy trend. https://insiderfinancial.com/pmmcf/
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