Modernising Agreements and Transition to Renewables
Decarbonisation is a big driver of copper demand
Net additional demand* in a net zero carbon scenario
20
20
Mt
15
10
10
5
0
2020
2025
2030
2035
2040
2045
2050
EVs
Renewable power
Renewables for hydrogen
Grid demand from electrification
Power Storage
EV Charging Station
Efficient Electric Motors
Heat Pumps
Additional green demand
expected to account for over one
quarter of total demand in the net
zero carbon scenario
Rapid electrification of grid adds
~5Mt in copper demand by 2050
Solar and wind generation
consume 3-6 tonnes of copper
per MW respectively vs ~1 tonne
per MW for thermal power
Electric vehicles contain ~80kg of
copper vs 20kg in an internal
combustion engine
Net demand after deducting copper consumption using traditional technologies in these segments. Net zero carbon scenario is an internal
based view where developed countries reach net zero emissions by 2050, large emerging markets, including China, by 2060 and all other
countries by 2070. Average intensity data from International Copper Association (ICA). *Global semis
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