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Future Mega Trends to Increase Copper Demand

New research commissioned by the International Copper Association (ICA) has revealed forecasted trends across several industries will contribute to very significant increases in global copper demand. The research, conducted by Metra Martech, reveals three of the most important growth areas for copper are; electric vehicles, renewable electricity generation and the construction sector.

The development of electric vehicles, which rely on copper, is being enhanced by increasing vehicle performance and reducing battery costs, as well as use regulation by governments around the world. Individual country targets to bring all greenhouse gas emissions to net zero will contribute to the rapid uptake of electric vehicles, alongside the rise of charging points and batteries systems which also depend on copper.

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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