Efforts from Western economies to diversify away from China's copper supply chain could raise costs and delay the energy transition, says Wood Mackenzie.
A shift by Western economies away from China's copper supply chain could raise costs and delay the energy transition, says Wood Mackenzie.
As the U.S., Canada, Australia, and European countries seek to displace the country's hold on copper through subsidies and investment, Wood Mackenzie warns that the dual aims of decarbonization and reduced dependence on Beijing are at odds with one another. "While copper supply risks can be mitigated and some rebalancing has begun in various countries, the scale of China's dominance in the supply chain means complete replacement is unfeasible."He Huawen | Visual China Group | Getty Images
"A scenario without China for the copper supply chain would require a substantial increase in processing capacity to meet energy transition targets," said Pickens.
Copper Manufacturing Copper Markets Trade Energy Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Welcome Global Talents to West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalWest China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in China.
Read more »
Postdoctoral Fellowships at West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalAbout West China Hospital/West China School of Medicine of Sichuan University West China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in...
Read more »
WVU Athletics set to Honor Jerry WestWest Virginia University athletics will recognize the great Jerry West during the 2024-25 athletic calendar
Read more »
Bianca Censori hugs North West, 11, during 'Deadpool & Wolverine' movie date with Kanye WestGrimes supports ex Elon Musk's trans daughter after his claim Vivian was 'killed by woke-mind virus', Megan Fox sparks pregnancy speculation with baby bump in MGK’s ‘Lonely Road’ music video, & Christina Hall initiated Josh Hall divorce, left him 'blindsided':...
Read more »
West Valley man tied to 2 shootings in 24 hours at same West Jordan apartment complexA West Valley man was charged Thursday with five felonies tied to a shooting at a West Jordan apartment complex. But police believe he later returned to the complex and shot two more people.
Read more »
China claims superiority over West with DC warship power systemChina's push realizes the vision of Thomas Edison, who favored DC in his lifetime but lost the “war of the currents” to Nikola Tesla.
Read more »