Copper, nickel, lithium, cobalt and aluminum face deficits and price rises toward 2035
Reports from Coface and Bain & Company warn that the energy transition, digitalization and electrification will raise demand for copper, nickel, lithium, cobalt and aluminum, while supply will fail to keep up. Coface forecasts structural shortages by 2035, with a nickel deficit of up to 35% of projected demand and copper and nickel prices potentially nearly doubling over the next decade. Bain attributes the pressure to the geographic concentration of supply and processing, not to geological scarcity.
In 40 seconds
- Coface forecasts structural shortages of copper, nickel and aluminum by 2035 due to increasingly inflexible supply.
- The nickel deficit could reach 35% of projected demand and copper and nickel prices could nearly double over the next decade.
- Bain & Company says the pressure stems not from geological scarcity but from the concentration of supply, refining and processing in a few countries.
Read the full story at UDG TV
IASummary generated by artificial intelligence from a story by UDG TV. It may contain errors: the original source prevails.
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