Currently, metals are at the heart of fierce competition worldwide. The growing populations in especially emerging economies put much stress on raw materials security. Among them is copper, which is a widely used metal with currently high prices. Besides the growth in demand from the emerging economies, the energy transition towards a more sustainable energy mix leads to this high price.
HCSS, together with the Delft University of Technology, decided to publish this report to give insight in possible dynamics of the copper price and strategies to counteract undesirable dynamics. Therefore, several plausible dynamic scenarios are presented for the copper price. These scenarios were generated by focusing on the structure and dynamics of the copper system under deep uncertainty. Further, suggestions are given for strategies to counteract undesirable dynamics, which were tested for robustness in all scenarios.
The report can be downloaded here.