Lighting typically utilizes copper in:
- Luminaire wires
- LED module circuit boards
- LED drivers
- Smart lighting controllers
- Most building electrical wiring
Recent climate action is going to increase clean energy technology deployment that will significantly increase copper demand. A recent article by David Gordon of Channel Marketing Group explores how climate action could impact the copper market.
Copper usage has historically been driven by new building construction in the US and, more recently, China. Copper demand is expected to double in the next 10 years. Electrification climate solutions, such as solar, offshore wind, onshore wind, tidal power, biomass, battery storage, geothermal energy, bioenergy, nuclear power, hydropower, EVs, and the need to improve the grid will spike demand beyond supply, and prices will go up.
There is likely to be accelerated research into copper alternatives, including aluminum alloys and graphene. The full article is available here.
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