Estimated US$3.4 trillion of copper needed by 2050

Getting to net zero could require almost $10 trillion of metals between now and 2050, according to BloombergNEF, with annual demand peaking at close to $450 billion in the mid-2030s. While steel and aluminum are expected to see the most demand growth in terms of absolute volume, copper is set to be the most valuable opportunity, with an estimated $3.4 trillion of the red metal needed to avert climate disaster.