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Meeting Future Copper Demand

Demand for copper is growing. It is expected to jump by as much as 50 percent over the next 20 years alone, and this growth is part of a wider trend. As the World Bank’s 2017 report, “The Growing Role of Minerals and Metals for a Low Carbon Future,” points out, we could see a ten-fold rise in demand for metals, including copper, by 2050 as the world moves toward a low carbon energy future.

Several long-term trends are presently driving growth in copper demand and are expected to continue to do so in the coming decades. These trends include increased consumer use of electronics, wider uptake of electric vehicles (EVs), increased use of renewable energy sources and energy efficiency—and all require significant amounts of copper to function.

W Resources Plc (LON:WRES) engages in the exploration and development of tungsten, tin, copper, and gold properties.

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