NEW DELHI--September 23, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Copper smelting is a crucial process in the global supply chain, as it transforms raw copper ore into usable metal, and is essential for industries like electronics, construction and energy. As the world continues to advance toward a net-zero emissions future, copper remains an indispensable metal for worldwide electrification, especially in green technologies such as solar panels, wind turbines and electric cars. However, the copper smelter market is under pressure due to supply shortages, low refining charges and rising demand from several industries. Industrial Info is tracking 197 projects globally worth US$26.52 billion geared at developing and expanding copper smelters. Of this total spending, 41% is attributed to grassroot projects, 31% aimed at plant expansions and 20% at unit addition projects. By region, Asia leads the way with investments accounting for around 70% of the global market share.
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