Forget COP26. The world needs COPPER 26 - gfhay -
Keeping global warming to 1.5 degrees Celsius requires a transformation of the energy system that would substantially raise the demand for metals, the International Monetary Fund said in its October World Economic Outlook.
“If metal demand ramps up and supply is slow to react, a multiyear price rally may follow—possibly derailing or delaying the energy transition”, the IMF warned.A mine employee shows a piece of copper ore at the Kilembe mines, in the foothills of the Rwenzori Mountains, 497km west of Uganda's capital Kampala, January 31, 2013.
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