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Copper Demand to Surpass Production by 2030, Sparking Shortage

Global copper production will peak at 33 million metric tons in 2030, while demand surges to 42 million tons by 2040—a 50% jump from current levels.

This mismatch, per a recent study, will drive up costs for electronics and IT equipment manufacturing.

Key demand drivers: electric vehicles (EVs) and renewable energy systems like solar and wind.

Source: The Register.