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According to the research of CRU Group reports, the global copper consumption in the field of green technology will reach 6 million tons in 2030. It was also estimated that global copper consumption will increase by 5% and 2.5% annually in the next two years, respectively.
The global copper consumption exceeded supply in the first nine months of 2021. China and India have increased the demand for copper, but the supply of copper is still tight.
Under the growth of international economic market demand, it was possible that copper prices will fluctuate in the near future. The copper prices may rebound to the high level of US$10,000/ton in 2022.
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