Venus Minerals is taking advantage of the growing demand for copper driven by the technical revolution.
Copper is the third most used metal. It is at the core of the technological revolution and the quest to tackle climate change because it possesses the best thermal- and electrical-conductive properties of any commercial metal. Copper is known to possess properties that significantly reduce the survival times of coronaviruses on its surface. There are more than 400 copper alloys in use today to suit numerous applications and processes.
The Copper Price has recently Touched an All-Time High.
Some Key Factors Driving the Copper Price:
- Approximately 60% of the copper produced today is used in the production and distribution of renewable energy such as solar, wind, hydro and thermal
- ~80% more copper is needed in an EV engine than a combustion engine, with more than 1.5km of copper wire in their stator windings
- The Covid-19 pandemic has highlighted the antimicrobial properties of copper, which can kill coronaviruses within hours of landing on its surface
- When combined with the ever-increasing appetite for other copper consuming demands such as electrification, electronics and communication, the demand for copper is expected to grow significantly for decades
Copper is also the most used element in the telecommunications industry.