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9.7Mt new copper supply needed - WoodMac

To meet zero-carbon targets, there is a need for the mining industry to deliver 9.7Mt of new mine supply over the next decade from projects that have yet to be sanctioned, consulting firm Wood Mackenzie said it its Red Metal, Green Demand report.

9.7Mt new copper supply needed - WoodMac 9.7Mt new copper supply needed - WoodMac 9.7Mt new copper supply needed - WoodMac 9.7Mt new copper supply needed - WoodMac 9.7Mt new copper supply needed - WoodMac

Wood Mackenzie says there are not enough copper projects for the energy transition

To do so would require the sector "to deliver new projects at a frequency and consistent level of financing never previously accomplished," it said, with more than US$23 billion of investment a year