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Energy efficiency programs aren't new. They have been around for 30 years or more in many states, since the energy crises of the 1970s. But according to a new report from the American Council for an Energy-Efficient Economy (ACEEE), energy efficiency programs have grown and developed to become "a low-cost, high-value energy resource for electric utilities and their customers."

“What is happening now is not related to supply-demand in copper – it’s more related to the economic crisis in Europe,” Mr Hernández told the Financial Times in a video interview on the sidelines of LME week, the largest annual gathering of the metal and mining industry.

India has to hugely expand nuclear power along with its entire power system to bring electricity to 300 million people and move away from coal, according to a study by the International Energy Agency (IEA).