BHP expects big growth in copper demand: Australian miner BHP is expecting the world to consume an extra 1 mm metric tons of copper per year on average until 2035 on the back of emerging copper-intensive technologies, Reuters reports, citing a BHP Monday report. Total copper demand in 2023 amounted to 31 mn tons, including 25 mn tons of copper cathode and 6 mn tons of copper scrap. “As we look towards 2050, we see a 70% surge in global copper demand to 50 million tonnes annually, driven by copper's role in existing and emerging technologies, and in the world's decarbonisation aspirations,” BHP Chief Commercial Officer said.

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