DJ211-3.5Aplug terminal
Parameter Specification:
Color: Silver
Male/Female: Male
Produce Size: L:16.3 W:3.5 T:0.3(mm)
In the context of the clean energy revolution, the demand for copper in photovoltaics, wind power, energy storage, new energy vehicles and supporting facilities has greatly increased. According to our estimates, relative to 2020, the increase in demand for copper in the clean energy sector from 2021 to 2025 is estimated to be 1.66 million tons, 1.85 million tons, 2.11 million tons, 2.4 million tons, and 2.7 million tons; relative to 2020, 2030 The annual demand for copper from clean energy will increase to 4.1 million tons.
In the clean energy sector in 2021, the demand for copper in the power generation sector will account for a relatively high proportion. In 2021, the copper demand for photovoltaic and wind power in the clean energy sector will account for about 80%, of which domestic accounted for 43%, overseas accounted for 37%, and copper demand for new energy vehicles accounted for about 17%. After 2021, the field of new energy vehicles is the main driving force for the increase in copper demand. From 2021 to 2025, the demand for new energy vehicles and supporting copper is expected to be 400,000 tons, 570,000 tons, 770,000 tons, 1.01 million tons, and 1.27 million tons, respectively. CAGR reached 33%. By 2025, the proportion of copper demand in the power generation sector will drop to about 46%, and the proportion of new energy vehicles will reach 47%.
5. Global copper mine supply outlook from 2021 to 2023
5.1. Global copper mines will significantly reduce production due to the epidemic in 2020
Since July 2020, the cumulative copper demand growth rate has continued to be higher than the supply growth rate, and the supply-demand gap has continued to widen. According to ICSG, in October 2020, global refined copper production was 2.15 million tons and consumption was 2.26 million tons. In October, the global refined copper market was short of 113,000 tons. In the first ten months of 2020, the global refined copper market had a supply shortage of 482,000 tons, compared with a supply shortage of 354,000 tons in the same period last year. From January to October 2020, the cumulative global copper mine output was 16.867 million tons, a cumulative -0.03% year-on-year; global refined copper consumption was 20.74 million tons, a cumulative 2.51% year-on-year. Since July 2020, the cumulative copper demand growth rate has continued to exceed Supply growth.
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