$250bn investment needed to meet copper supply gap over next decade – BHP

Diversified commodities major BHP has warned that the world will need $250-billion in investment over the next decade to bridge the growing gap between copper supply and surging demand.

As the global transition toward electrification and decarbonisation accelerates, copper demand is projected to rise sharply, with the miner projecting a 70% increase by 2050.

BHP chief commercial officer Rag Udd has highlighted the scale of this challenge, stating that copper supply will need to expand by an additional ten-million tonnes a year over the next decade to meet rising consumption.