Copper as a Critical Resource in the Energy Transition

Marta Podobińska-Staniec (), Anna Wiktor-Sułkowska, Arkadiusz Kustra and Sylwia Lorenc-Szot
Additional contact information
Marta Podobińska-Staniec: Economics and Management of Raw Materials and Energy Transition Group, Faculty of Civil Engineering and Resource Management, AGH University, 30-059 Krakow, Poland
Anna Wiktor-Sułkowska: Economics and Management of Raw Materials and Energy Transition Group, Faculty of Civil Engineering and Resource Management, AGH University, 30-059 Krakow, Poland
Arkadiusz Kustra: Economics and Management of Raw Materials and Energy Transition Group, Faculty of Civil Engineering and Resource Management, AGH University, 30-059 Krakow, Poland
Sylwia Lorenc-Szot: Economics and Management of Raw Materials and Energy Transition Group, Faculty of Civil Engineering and Resource Management, AGH University, 30-059 Krakow, Poland

Energies, 2025, vol. 18, issue 4, 1-19

Abstract: The energy transition requires significant amounts of critical raw materials, with demand projected to continue increasing. Analyses indicate that the supply of these materials will fall short of the requirements for the energy transition plans based on renewable energy sources. To address this challenge, it is essential to examine the global value chains of critical raw materials and their intermediates, identifying the risks linked to concentrating downstream processes in countries that may not operate under market-oriented principles. Such countries could become “price makers” on international markets, influencing costs and availability. This article focuses on copper, a key raw material for the energy transition, and explores its global value chains in detail. It highlights the risks associated with copper extraction in regions with the largest identified deposits, such as South America and Africa, as well as challenges related to smelting and refining, which are predominantly carried out in China. Additionally, the article presents an analysis of the operations of KGHM Polska Miedź S.A., one of Europe’s largest copper producers, headquartered in Poland but also active in North and South America.

Keywords: energy transition; critical raw materials; global value chains; copper products (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2025
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/18/4/969/pdf (application/pdf)
https://www.mdpi.com/1996-1073/18/4/969/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:18:y:2025:i:4:p:969-:d:1593305

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().