In a world where the energy transition is imperative, a significant obstacle is emerging in the form of a growing copper shortage. Unlike rare earths or lithium, copper, although widely available, is about to become a critical resource, threatening global efforts to embrace sustainable energy sources. With demand for copper set to grow exponentially over the next decade, the need for sustainable management of this resource is becoming increasingly pressing.
Today's world already consumes about 22 million tons of copper per year, with traditional applications set to grow further along with the economic development of emerging countries and the demands of decarbonization. Copper, as an irreplaceable "green" material in many key technologies for the energy transition, is set to play an increasingly critical role. Stokkermill, a leader in copper innovation and recycling, recognizes the crucial role of recycling in managing copper resources. Investing in advanced copper recycling technologies not only reduces dependence on new mining, but also offers a sustainable solution to address growing shortages. Stokkermill's vision goes beyond merely managing the problem: it aims to shape a future in which copper recycling is a common practice and fundamental to environmental sustainability. One critical issue concerns the expansion of power grids, which are essential to support the growth of renewable energy. The planned installation of 80 million kilometers of new lines by 2040, according to the International Energy Agency (IEA), underscores the need for a judicious approach to managing copper resources. Stokkermill is committed to providing comprehensive copper recycling solutions, helping to ensure the availability of this crucial metal for the energy infrastructure of the future.
Despite the current reserves and overproduction situation, the outlook points to a possible "chronic deficit" of the metal, with significant consequences on the race toward the goal of "Net Zero" by 2050. Stokkermill points out that the lack of investment in the sector could soon bring out the threat of copper shortages, and calls for urgent reflection on the responsible management of this precious resource. In conclusion, the challenge of energy transition requires an integrated approach, where copper recycling becomes crucial. The development of increasingly innovative and efficient solutions, for copper recycling, actively contributes to supporting the processes of transition to a sustainable and circular economy.
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1. source ilSole24Ore scenery analysis, articolo 21 Nov 2023
