Australia in the box seat for Asian copper growth

A remarkable energy future emerging across Asia is highlighted in a new report by The Warren Centre.

The Copper Technology Roadmap 2030 explores the role of technology and changing demographics across Asia. It finds substantial trends that Australia should heed to align for growth opportunities.

“With some 210 million people in China and 195 million people in India moving into the middle class, the insatiable demand for energy, services and technology will continue” said Ashley Brinson, Warren Centre Executive Director.

Some key points that the report highlights are:

  • The Asia region will consume 43% of world electricity demand by 2035
  • Absolute coal consumption in China has peaked
  • Global photovoltaic (solar) systems will reach 1800 GW by 2030
  • By 2030 China will have the world’s largest electric high speed rail network surpassing 44,000km
  • Domestic electric buses will surpass 1 million in China by 2013 alone
  • Global electric vehicle market penetration could be as high as 50% by 2030
  • India announced a target of 100% electric vehicles by 2030 under a self-financed scheme to rapidly address pollution issues.

“This is an exciting time for Australia, but we must recognise that in the Asian economy our ability to influence megatrends in technology and renewable energy are limited.”

“Australia is in the box seat to provide resources, technology, education and services to support this growing demand. With greater investment aligned to serve sustainable technologies such as solar energy and electric vehicles, we see disruption in familiar patterns of copper demand. Australia well poised to play a pivotal role in Asia’s new climate-conscious agenda,” said Ashley.

The Copper Technology Roadmap 2030

This report is the culmination of six months of scoping and research. It describes the major demographic trends driving the growth of transportation, electricity infrastructure and building construction in the Asia Pacific region. The project was conceived following consultation with the International Copper Association. It follows work that The Warren Centre undertook in 2004 on a Building Technology Roadmap for the Australian market.

The Technology 2030 Roadmap looks across all of Asia. The insights gained in this report are significant for decision makers across industries including mining, finished copper, commodities trading, and finance. As Asian economies continue their ascent and dominant place in the global economy, so copper products will enable ongoing growth and infrastructure improvements.

The report draws on the expertise, advice and insights of many individuals. These include industry leaders, researchers, economists, subject matter experts and regional experts.

Further details: Warren Centre Copper Technology Roadmap 2030 (PDF, 5.8MB)