Potential Supply-Demand Imbalance? The Growing Role Of Uranium And Copper Amid The Global Energy Transition
–News Direct–
By Austin DeNoce, Benzinga
The global renewable energy landscape, spurred by the green transition, is marked by growing demand for a number of commodities. Among those, two critical materials in particular are gaining traction: uranium and copper. This trend is intricately linked to the worldwide shift toward zero-carbon emissions and the pursuit of more reliable and efficient energy sources.
The projected 86% increase in electricity demand by 2050, underscores the critical need for energy-related commodities in the energy transition. Uranium, vital for nuclear energy, and copper, essential for any kind of electrical transmission, are at the forefront of this shift, presenting potential investment opportunities as their demand likely outpaces supply in the coming years.
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