2026-01-28 02:06:24

Vice President of S&P Global: "The world needs more copper"

"By 2040, we will need 50% more copper than we have today, and electricity use will increase by 50%, which is equivalent to building 650 nuclear power plants annually [to meet global demand growth in 2040 if we want to move away from fossil fuels]"

"Last year, data centers used 4% of America's electricity, and we expect this percentage to rise to 14% by 2030, and this will not happen without copper

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