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KEFI Minerals Plc

Copper demand predicted to grow with smart cities

Copper demand is expected to almost double cumulatively over the next seven years as cities around the world implement smart technologies. A global study, conducted by the Martec Group and commissioned by the International Copper Association (ICA), found that copper is the material of choice for smart city technology thanks to its unique conductive
properties which lead to enhanced efficiency.

In 2025, cumulative copper demand will increase to 4.8 million tonnes

Copper demand from smart city technologies is expected to almost double cumulatively over the next seven years, with total volume set to rise from 2.7 million tonnes.

KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.