Copper demand has skyrocketed as the push for electrification of vehicles and energy sources continue to take over. The nonprecious metal is important in the shift away from fossil fuels as it is critical for EVs, windmills, solar panels and even the entire power grid. So why aren't more companies starting new copper mines to fuel this boom in demand?
WSJ explains why copper is so important to the global economy and how a massive shortage is threatening the greentech transition.
00:00 Copper is an essential metal
00:31 Copper’s role in electrification
01:31 Copper’s demand
03:08 Copper shortages
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