BHP Says Copper Is Core Growth Engine as Demand Seen Rising to 50 MTPA by 2050
BHP views copper as the main driver of its growth, projecting copper demand to climb from about 34 MTPA today to more than 50 MTPA by 2050.
BHP
The company said copper is the engine behind its expansion plans. Global copper demand alone is forecast to rise from roughly 34 million tonnes per annum currently to above 50 million tonnes by 2050.
BHP also expects China to keep producing about 1 billion tonnes per annum of steel over this decade. India, meanwhile, is projected to stay the fastest-growing major economy, reinforcing the long-term demand picture for industrial commodities.
Source: First Squawk