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Bhp Group Ltd: Global copper demand is expected to increase by an average of 1 million tons per year by 2035.
Bhp Group Ltd released a report stating that, benefiting from the widespread adoption of copper-intensive technologies, global copper consumption is expected to increase by 1 million tonnes per year by the year 20235, doubling the average annual growth rate of the past 15 years. At the same time, the growth of copper mining production will be constrained by high costs and declining ore grades.