Research, commissioned by the International Copper Association (ICA), shows copper use in smart home applications is likely to reach 1.5 million tonnes per annum by 2030, thanks to a sustained, worldwide appetite for smart home systems. As soon as 2021, copper demand could more than double across the smart home market as increased usage of wiring, electronic components and batteries becomes more prominent.
The work forecasts this sharp increase as the global smart home market continues to grow, with 1,600 million systems forecast for installation by 2030, an increase from 177.2 million in 2018. Copper is found in smart home hubs, switches, routers, wiring and lithium-ion batteries, making smart home integration a significant part of rising copper demand.
Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.