Usmanov said metal that will be “new gold”

Copper will play an important role in the global energy system, it is said in the column of the founder of the USM group (it includes the Udokan copper company) Alisher Usmanova on the World Economic Forum website (WEF), writes RBC.

“Copper is often called” new gold “,” new oil “or even” metal of the future “due to its indispensable role in the low carbon economy and high-tech industries,” he writes.

In the Usmannov, the data of the International Energy Agency brought, according to which by 2040 among minerals and metals used in environmentally friendly energy technologies, will dominate the demand for copper, nickel and graphite. By the time the demand for copper will grow by 2.7 times compared with 2020.