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Originally Posted by lamboguy
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Also, use of fossil fuels in power generation is decreasing. GE is laying off 12,000 employees in their electrical generation department because they aren't selling as many fossil fuel power equipment and services.
Countries are switching to cleaner, renewable energy sources.
Things like wind turbines still need a lot of copper and solar still need a lot of copper.
Solar requires about 4 times as much copper as coal power and solar requires about 2 and half times as much.
As fossil fuel power plants are phased and replaced by cleaner power, it is said that about $7.5 trillion will be invested by 2040 and a lot of the cost will be in copper.
Then there are electric vehicles. Copper will be used in electric motors and wiring.