Lukas Boer, Andrea Pescatori, Martin Stuermer, Nico Valckx, 05 November 2021

Low greenhouse gas technologies require more metals than their fossil fuel-based counterparts. This column estimates supply elasticities and pins down the price impact of the energy transition on the metals markets. The results show that prices for copper, nickel, cobalt, and lithium could reach historical peaks for an unprecedented, sustained period in a net zero emissions scenario. The total value of production could rise more than four-fold for the period 2021-2040, rivaling the total value of crude oil production.

Karina Fernandez-Stark, Penny Bamber, Martin Walter, 07 October 2020

Driven by the two themes of digitalisation and green technologies, the COVID-19 economic recovery packages are expected to accelerate the arrival of the new age of copper. Stemming from green infrastructure development, the widespread adoption of electric vehicles and the long-anticipated roll out of 5G, a future copper boom offers producing countries a window of opportunity to harness greater benefits from their resources. This column examines current and future trends in copper supply and demand, and discusses the mechanisms for producers to increase their value capture within the sector.

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