Global copper supply projected to fall 30% short of demand by 2035, IEA warns

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Demand for copper, needed for the transition to a low-carbon world, will outstrip supply within the next decade, according to the global energy watchdog. Supplies of the metal, a key component of every form of electrical energy system at present, will fall 30% short of the amount required by 2035 if nothing is done, analysis by the International Energy Agency predicts. Fatih Birol, the executive director of the IEA, said: “This will be a major challenge. It’s time to sound the alarm.” He said developed countries should aim to do more of the refining of copper and other key metals...