What about copper substitution?
A new study commissioned by the International Copper Association ICA found that copper continues to offer the best price-performance combination for many applications – especially where high electrical conductivity, corrosion or friction resistance is required or available space is limited. In other applications, rising material costs may motivate new research and development initiatives to use copper more efficiently (keyword miniaturisation) or to use alternative materials. The DMM Advisory Group research found that net substitution was 0.95 per cent of total global copper consumption, a slight increase from 0.83 per cent in 2019. This low substitution rate is due to users focusing on the economic impact of COVID-19 and the relatively low material cost of copper.Learn more
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Copper is a significant functional metal and an important element of technical and socio-economic progress.More