Emerging markets have an opportunity to grow their share of global copper trade
Intergovernmental organisation UN Trade and Development (Unctad) says the global copper industry is entering a pivotal phase of requiring more production but also smarter and more inclusive technologically-driven growth strategies. With copper demand set to rise by 40% by 2040, current supply remains strained, particularly as China dominates the processing of this critical mineral and developing countries remain limited to raw material exports if more value-added opportunities are not pursued.
Intergovernmental organisation UN Trade and Development (Unctad) says the global copper industry is entering a pivotal phase of requiring more production but also smarter and more inclusive technologically-driven growth strategies.
With copper demand set to rise by 40% by 2040, current supply remains strained, particularly as China dominates the processing of this critical mineral and developing countries remain limited to raw material exports if more value-added opportunities are not pursued.
