Triple by 2040

COPPER Expected to add around

Electric vehicles require six times more critical minerals than combustion engine vehicles, as lithium is essential for energy storage and battery cell performance. Global EV sales exceeded 20 million units in 2025, marking a 20 % increase from 2024.

Semiconductors play a vital role in almost every modern electronic device, from smartphones to cloud-scale AI accelerators.

Silicon and copper are key components in PCB manufacturing, and several countries are looking to create a localised supply chain due to China’ s dominance within the industry.

7million

tonnes of demand growth by 2040

BASE METALS

Prices rose by

⅓

between January 2025 and April 2026

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