Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China may need approximately 7.5mn mt of copper per year and a total investment of $6.4tn to become completely carbon neutral by 2060, according to a Woodman Mackenzie report. 


The global consultancy and research group’s study published on Thursday analyzed the Asian country’s shift to green energy and revealed that while China’s demand for oil may reduce by half, its electricity demand may increase by 75pc. 


The country’s shift to green energy will also enhance its dependency on copper, aluminum, nickel, cobalt, and lithium from international suppliers, the report noted. Additionally, if China can replicate its global market share of battery and solar panels production across all renewable products, it would transform the world’s energy supply trade. 

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