Edgar Basto, Global COO of BHP, believes copper is on the brink of a significant bull run. He attributes this surge to the ongoing energy transition and advancements in technology.

“We expect that copper demand will grow by 70% relative to this year up to 2050,” he told CNBC-TV18.

The demand for copper is set to surge, fueled by increasing data center usage and the growing need for sustainable infrastructure.

However, Basto cautioned that supply challenges could hinder growth.

“Copper is becoming more and more difficult to find. The jurisdictions where it is located face delays in bringing it to market,” he explained.

This dynamic suggests that while demand for copper will rise, the supply may struggle to keep pace, making copper an attractive investment.

BHP’s significant copper resources position it well to meet this rising demand.

Basto highlighted, “We have the world’s largest global copper endowment at over 44 billion tonnes.”

This resource base provides a unique opportunity for BHP to collaborate with partners in India and other regions to support sustainable development.

Basto’s insights present a compelling case for copper in investment portfolios.

He stated, “You are in a good spot if you have copper in your portfolio.”

As demand remains robust and supply challenges loom, copper may prove to be a strategic asset for investors looking to capitalise on this evolving market.