Innovation In Copper Extraction Is Accelerating Amid Soaring Demand - CleanTechnica

The article from CleanTechnica highlights the accelerating innovation in copper extraction driven by soaring global demand, primarily fueled by the energy transition. Copper is essential for electrification across sectors such as transport, renewable energy, and electricity infrastructure, with demand projected to rise from nearly 27 million tonnes in 2024 to 37 million tonnes by 2050. The International Energy Agency (IEA) warns of a potential 30% supply deficit by 2035 due to declining ore grades—down 40% since 1991—and increasing complexity and costs in mining operations. Key demand drivers include construction, electricity networks, electric vehicles (EVs), industrial machinery, and renewable energy installations, with EV copper demand expected to increase sevenfold by 2050. In response to these challenges, venture capital interest is growing in next-generation copper extraction technologies that promise faster, cleaner, and more efficient recovery methods. However, regulatory hurdles, high capital costs, and integration risks pose significant barriers to scaling these innovations quickly