<\/p>\n
As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change.<\/p>\n
Even in an optimistic low-emission scenario for 2050, more than half the world\u2019s copper mines will be in areas exposed to drought risk that is deemed significant, high or extreme, according to a PricewaterhouseCoopers (PwC) report.<\/p>\n
For two other energy transition metals \u2013 lithium and cobalt \u2013 drought exposure is even higher at 74 per cent, the study found.<\/p>\n
Copper has rallied in recent months to surpass US$10,000 a metric tonne, fuelled by bets on looming shortages as mines struggle to meet rising demand from electric vehicles, grid infrastructure and data centres. New deposits are getting harder and costlier to extract, while growing scrutiny of environmental and social issues are also discouraging investment.<\/p>\n
Climate-related disruptions will add another layer of supply risk. While the effects of rising temperatures and shifting weather patterns are widely documented for agricultural commodities, the impact on minerals is less known.<\/p>\n
Zambia\u2019s copper mines are facing a power supply squeeze as drought roils hydroelectric installations. In Chile, water shortages have restrained copper production in recent years as the industry invests in the use of seawater.<\/p>\n
For each of the nine commodities in the PwC study, at least 40 per cent of global supply is produced from no more than three countries. In the case of copper, Chile, Peru and China account for more than half of production.<\/p>\n
\u201cThat means that if climate change disrupts, it can have a disproportionate effect because you\u2019ve not got that spread,\u201d Ms Emma Cox, global climate leader at PwC UK, said in an interview.<\/p>\n
\u201cI don\u2019t think everybody understands the dependencies and the impacts of a future change in climate.\u201d<\/p>\n
PricewaterhouseCoopers<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change. Even in an optimistic low-emission scenario for 2050, more than half the world\u2019s copper mines will be in areas exposed to […]<\/p>\n","protected":false},"author":1,"featured_media":1507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/05\/Copper-mining-2-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/05\/Copper-mining-2-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/05\/Copper-mining-2-300x181.jpeg",300,181,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/05\/Copper-mining-2-scaled.jpeg",2560,1545,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1506"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1506\/revisions"}],"predecessor-version":[{"id":1508,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1506\/revisions\/1508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1507"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}