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Copper Mining and Vehicle Electrification

Wednesday 15 May 2024, Virtual Event

Copper is the mineral most fundamental to the human future because it is essential to electricity generation, distribution, and storage. Copper availability and demand determine the rate of electrification, which is the foundation of current climate policy. Many studies have raised concerns that copper supply cannot meet the copper demands of both the green energy transition and equitable global development, but the seemingly universal presumption persists that the copper needed for the green transition will somehow be available. This need not be the case for even the first step of vehicle electrification. This report addresses this issue by projecting copper supply and demand from 2018 to 2050 and placing both in the historical context of copper mine output. Discussion is focused on a single diagram that illustrates the unprecedented nature of the copper mining challenge and ways to reduce copperĀ demand.

Guest Speakers

Introductory Remarks

  • Joseph McMonigle

    Joseph McMonigle
    Secretary General, IEF

Report Summary

  • Lawrence Cathles

    Lawrence Cathles
    Professor Emeritus, Cornell University

Panel Discussion

  • Adam C. Simon

    Adam C. Simon
    Arthur F. Thurnau Professor, University of Michigan

  • Saskia Duyvesteyn

    Saskia Duyvesteyn
    Chief Advisor, R&D, Rio Tinto

  • Frank Hoffman

    Frank Hoffman
    Consulting Principal, Economics & Country Risk, S&P Global Market Intelligence 

  • Tommy Horton

    Tommy Horton
    Director, Investor Relations and Corporate Development, Ivanhoe Mines

  • Dan Kravets

    Dan Kravets
    Vice President, Corporate Development & Exploration, Freeport-McMoRan 

  • Nicole Januszczak

    Nicole Januszczak
    Practice Lead Predictive Capability, Metals Exploration, BHP

Closing Remarks

  • Joseph McMonigle

    Joseph McMonigle
    Secretary General, IEF

Key Documents

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