As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change. Even in an optimistic low emission scenario for 2050, more than half the world’s copper mines will be in areas exposed to drought risk that’s deemed significant, high or extreme, according to a PricewaterhouseCoopers report.
Climate-related disruptions would add another layer of supply risk. While the effects of rising temperatures and shifting weather patterns are widely documented for agricultural commodities, the impact on minerals is less known. Zambia’s copper mines are facing a power supply squeeze as drought roils hydroelectric installations. In Chile, water shortages have restrained copper production in recent years as the industry invests in the use of seawater.
Source: Energy Industry News (energyindustrynews.net)
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