Acquisition of Khoemacau
Enhanced exposure to highly attractive copper market
Growing copper demand growth driven by decarbonisation
EVs, renewables and
investment in support
infrastructure to underpin
copper end-use demand
Fastest growth from
"decarbonisation" demand
in the transportation and
electrical networks sectors
Forecast supply deficit of 13.8Mt by 2040
Copper production and future supply gap (Mt Cu)²
30
28
Greenfield probable contribution
Brownfield probable contribution
Base case production capability
Primary demand
Greenfield projects facing
challenges from
geopolitics, capex inflation,
community and permitting
Global total copper consumption by industry sector (Mt Cu)1
47
50
43
26
40
10
40
40
10
5.0% CAGR
36
35
33
8
24
32
32
7
5
6
30
30
5
4
4
133
2.3% CAGR
22
12
12
10
10
9
9
10
20
20
20
7
7
10
4
74
7
4
74
7
기
7
74
0.3% CAGR
4
0.9% CAGR
18
4
4
9
9
9
9
10
11
12
13
16
2.1% CAGR
14
2022 2023 2024 2025
2026 2030 2035
2040
12
■Building/construction
■Industrial machinery & equipment
Consumer and general products Electrical network infrastructure
■Transportation equipment
Notes: 1. Wood Mackenzie Copper Document Tables September 2023 2. Wood Mackenzie Global Copper Mine Supply Analysis Q3 2023.
13
10
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
13.8Mt Deficit
mine supply deficit
based on probable
projects
2038
2039
2040
M
MMGView entire presentation