Resources

Society’s need for metals is experiencing a dramatic shift. In a single generation, we have seen a tremendous increase in the uses and demand for a growing list of critical and strategic metals that are needed to address issues such as climate change. Copper is one of those metals, and Copper Flat has the proven resources to become a significant contributor to the strategic metal supply chain.

Copper is a critical component of the clean energy revolution, and uses for copper are rapidly expanding with the energy transition that is occurring today. Copper has superior properties that allow it to be used for many types of clean energy, including electrical conductivity. Copper is used in an ever-increasing number of applications that range from power generation to energy storage and in the shift to electric and hybrid electric vehicles.

The Copper Development Association predicts that by 2040, wind and solar will produce more electricity than any other source in the world. As these technologies grow, they will depend heavily on copper’s reliability and high standard of performance to generate, transmit and store electricity. Current statistics for the use of copper include:

• Electric vehicles now contain three to four times the amount of copper used in conventional fossil fuel powered vehicles
• There are 7,800 pounds of copper per megawatt of power output in a typical land-based wind farm power system
• There are 1100 pounds of copper per megawatt of power output in a typical solar power system