Wind Power's Expanding Metals Demand Further Exposes Industry To Price And Supply Risks
Renewables / Global / Tue 21 Nov, 2023
Key View
- The global wind industry's demand for industrial metals will grow 45% over the next decade, increasing from 12.7mnt in 2023 to 18.4mnt in 2032 amid capacity expansion and the growing size of turbines.
- We expect copper to see the sharpest demand growth with consumption in 2032 increasing 60%, 106% and 157% across our metals demand