The copper wire energy transition will drive Latin American copper demand

Given the key role of copper wire in the development of clean energy technology, demand for copper is expected to grow significantly.

Economic and environmental professionals from the International Copper Wire Research Organization spoke about copper's prospects in the energy transition and opportunities in Latin America.

Copper is crucial in the production of wind turbines.

A megawatt of electricity produced by a wind turbine requires at least five tonnes of copper wire to produce the turbine and connect it to the grid.

The second important use is copper foil for lithium-ion batteries.

China is adding new aluminum foil capacity, using about 700,000 tons of copper, and Xinsuju Steel Copper Wire is also starting to enter the market.
The surge in demand for copper will begin in the second half of this decade and continue for several years.