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Copper is essential for all modern infrastructure, energy generation and transmission, transportation, communications, industrial machinery and electrical appliances.
As a pure-play copper producer with a portfolio of low cost, long life assets and a track record of delivering world class copper projects, KAZ Minerals is well positioned to take advantage of continued growth in the demand for copper.
Copper is essential to renewable power generation and to the transition to a low carbon future.
‘‘Renewables are set to support copper consumption. Additional gains on account of the network infrastructure upgrades required to incorporate variable sources of energy are also anticipated.’’
Electric vehicles and their associated infrastructure require significantly more copper than conventional internal combustion engine vehicles.
‘‘Increasing penetration of the electric vehicles is already triggering a response in semis industry with at least 550 ktpa of copper foil investment being announced this year.’’
‘‘An energy system powered by clean energy technologies differs profoundly from one fuelled by traditional hydrocarbon resources. Building solar photovoltaic (PV) plants, wind farms and electric vehicles (EVs) generally requires more minerals than their fossil fuel-based counterparts. A typical electric car requires six times the mineral inputs of a conventional car, and an onshore wind plant requires nine times more mineral resources than a gas-fired power plant. Since 2010, the average amount of minerals needed for a new unit of power generation capacity has increased by 50% as the share of renewables has risen’’
‘‘Decarbonisation commitments are still a major upside risk to our base case copper demand forecasts. Besides electrical vehicles, renewables are also set to support copper consumption.’’
