- Global Trade Update (May 2025): Focus on critical minerals – copper in the new green and digital economy12.62 MB
Global copper demand is expected to grow by over 40% by 2040, but supply isn’t keeping pace. Meeting this demand may require 80 new mines and $250-billion in investment by 2030.
This edition of the Global Trade Update focuses on copper – the new strategic raw material at the heart of the global energy transition and digital transformation. It’s essential for electric vehicles, renewable energy systems, data centers, AI infrastructure and smart grids.
The report explores how to tackle supply challenges and, crucially, how to unlock copper’s development potential. It calls for smarter trade and industrial policies to help developing countries move up the copper value chain.
Report by the United Nations Conference on Trade & Development
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