Copper end use trends

The mining industry faces an interesting paradox. It is the lynchpin of the transition to a low-carbon economy, providing the materials that go into new grids and electric vehicles, yet miners’ extraction processes gorge on large amounts of power. Miners account for 6% of the world’s energy demand, and meet most of it with fossil fuels.

Miners, which account for 22% of global industrial emissions, are facing more pressure to decarbonize than ever before – from investors, customers in the technology and auto industries, and even consumers further downstream.