emergen research

  Market Overview The global copper market was valued at approximately USD 281.8 billion in 2024 and is projected to reach around USD 441 billion by 2033 , growing at a CAGR of 5.1% Other estimates place the 2023 market size at USD 308.7 billion , with forecasts of USD 504.9 billion by 2033 at a 5.04% CAGR Industry heavyweights like BHP anticipate demand rising by about 1 million tonnes per year through 2035 , doubling past growth rates   but warn that supply constraints threaten a 30% shortfall by 2035 Key Growth Drivers Energy transition & electrification — Copper is essential for EVs, renewables, data centers, and smart grids Infrastructure build-outs — Rapid urbanization, power grid upgrades, and telecom expansion (5G) fuel demand . Limited new supply — Declining ore grades and slow-to-develop mines could lead to supply shortages   Get a sample of the report @ https...