A Market on the Move. $242 B to $340 B
Globally consensus expects the market to
grow around 6.5% CAGR through 2030.
Copper remains essential to construction, transportation, electrical systems, and industrial machinery due to its unmatched conductivity and durability.
Demand from power grid infrastructure is forecast to increase from 12.5 million metric tons in 2025 to 14.9 million metric tons by 2030.
Total global copper demand could surpass 30 million metric tons by the end of the decade.
The International Energy Agency (IEA) projects a potential 30% global copper supply shortfall by 2035, citing a lack of new large-scale mining capacity and rising global demand.
This growing imbalance strengthens the long-term pricing outlook and underpins the investment case for upstream exposure..
The recent $53 billion merger between Anglo American and Teck Resources signals growing institutional confidence and a re-rating of copper’s long-term value.
Strategic M&A, rising capital inflows, and public-private energy transition initiatives continue to reshape the investment landscape.
North America's demand is expected to grow from $3.66 billion (2023) to $6.02 billion by 2033
Estimated at U$26.6 billion in 2024, with projections hitting U$36.6 billion by 2030. Thats a CAGR of ~6.6%.
Everything now is built with computers, High-purity copper is needed in this construction.
In-depth forecasts show electronics manufacturing and electrical equipment as dominant applications, with construction and automotive also growing significantly.
Copper is critical for EVs, renewable energy, and digital infrastructure and growing global momentum favors long-term demand.
Forecast copper deficits and limited new mining capacity suggest sustained pricing support.
The copper cathode market is a high-growth niche within the broader copper space, with rising use in technological and infrastructure applications.