 |
THE NEW COPPER AGE: ELECTRICITY OF DEMAND By Evan Anderson _____ Why Read: To address climate change, a massive amount of electrification will be needed in the coming years. That electrification will require copper, in huge quantities. This week, we discuss the state of global copper, from reserves to extraction capabilities. Like most of the topics we cover, this weeks report describes not only a major global trend and problems to be solved, but unprecedented business opportunities as well. _____ A few weeks ago, I penned a report on our upcoming FiRe 2023 CTO Design Challenge, describing the need for a massive and rapid deployment of solar - now - to stave off more catastrophic climate change. The weather events of this summer have certainly put the urgency of this global project in stark relief. In last weeks Global Report, Berit Anderson described the energy storage solutions necessary to achieve that goal, and where the market is now. This week, we explore another potential bottleneck / opportunity when it comes to the electrification of everything: copper. |
