Replacing China in copper supply chain is 'unfeasible,' warns WoodMac, as the West seeks shift
Publishing timestamp: 2024-08-16 01:26:36
Summary
Western countries seeking to diversify away from China's dominance in copper supply chain could raise costs and delay energy transition, but complete replacement is 'unfeasible,' according to Wood Mackenzie. China's leading role in key segments of copper supply chain poses challenges for decarbonization efforts. Efforts to diversify away from China's dominance face hurdles such as high costs and environmental regulations.
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Keywords: copper (mar'23), copper manufacturing, energy, copper markets, business news, trade,