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Copper Crisis Threatens Green Initiatives

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Could Bimetallic ‘Supermetals’ Provide a Solution?

by Craig York, Copperweld CEO

BRENTWOOD, Tenn., June 25, 2024 /PRNewswire/ — The copper industry is driven by a complex system of supply-and-demand cycles. One cycle of particular concern, given the growing interest in decarbonization technologies, involves the relationship between global copper supply and green initiative copper demand. This co-dependency presents a zero-sum scenario where copper supply deficits threaten green initiatives, and green initiatives intensify the copper supply crisis. To avoid a stalemate, the future of green programs may depend on solutions that offer a more efficient and sustainable use of copper.

Copper Supply Shortfall

Copper prices recently reached record highs, crossing the $5/lb threshold for the first time.1 Analysts attribute much of this price explosion to soaring copper demand, mainly due to the large role copper plays in renewable energy, decarbonization efforts, and power grid investments.2

Over time, if increased copper demand is continually met with reduced supply, shortfalls are soon to follow. In 2022, copper production was about 22 million metric tons (MMT), while demand was about 26 MMT; recycled copper scrambled to make up the difference.2 Some analysts estimate the growing supply-demand gap will result in an annual copper supply shortfall of 8 million tons by 2034 — an outcome that would pose a significant hurdle for the future of green energy projects.3

How Does the Copper Shortage Threaten Green Goals?

It is estimated that the technology used in green initiatives could eliminate 2/3 of global greenhouse gas emissions by 2050. However, meeting net-zero carbon emission targets would require doubling annual copper demand to 50 MMT. With copper suppliers already struggling to increase output, that’s unlikely to happen.3

Richard Adkerson, former CEO of U.S. mining group, Freeport-McMoRan, predicts that surging copper demand will cause a supply shortfall as society rapidly adopts electric cars, renewable electricity, and power grid expansions.4

Wire and cable products are of particular interest in the usage of copper for green programs. Overall, wire and cable use related to the green energy transition could grow from 0.8 million MMT to 6.7 MMT between 2020 and 2040.3

While copper demand in conventional applications will increase only 0.5% by 2040, there will be significant increases in copper usage in some green energy sectors. This includes an 11% increase in demand from electric vehicles (EVs) and chargers, a 19% increase from grid expansion, and a 7% increase from renewable energy technologies during this time frame.3

As our society moves forward with green energy initiatives, we must conserve and reallocate copper resources. The solution is found in copper supply management through copper-alternative products in high-usage markets.

‘Supermetals’ — Bimetallic Wire Conserves Copper and Offers Enhanced Performance

A bimetallic wire is an engineered electrical conductor that is composed of two separate metals metallurgically bonded together, combining the distinct characteristics of the two metals into one ‘Supermetal’.

Copper is limited in its engineering options. To increase strength, you must use more copper. With a bimetallic wire, an engineered core of steel or aluminum can be used to provide benefits like increased strength or improved energy efficiency while conserving copper at the same time.

Unlike alloys which are a blend of metals throughout, bimetallic wire often consists of a corrosion-resistant periphery of copper with an inner core of metal chosen for its specific performance characteristics. This construction opens a wide range of engineering possibilities for leveraging the core of the wire to create an electrical conductor that goes beyond copper’s capabilities alone.

Two popular bimetallic ‘Supermetals’ have forged a significant presence in the power grid and construction markets:

Copper-Clad Steel (CCS) grounding, power, and signal conductors have been used in substations, power distribution, underground utilities, mining, and transportation applications for nearly a century.Copper-Clad Aluminum (CCA) is a bimetallic conductor that has been widely used in telecommunication, data, and building construction applications for over 50 years.

Bimetallic ‘Supermetal’ Benefits:

Reduced Copper Consumption – Bimetallic conductors optimize the use of valuable copper, in some cases using only 1/6 the copper found in solid copper wire.Improved Energy Efficiency – CCA building wire has 2.7% lower impedance, translating into energy savings and less strain on the power grid.5Enhanced Strength – CCS conductors provide up to three times more tensile strength than solid copper, allowing CCS wires to be used in power grid and utility applications where demanding conditions often lead to broken wire or loose connections that can cause power outages and safety hazards.6 Extended Service Life – CCS conductors have up to five times more flex-fatigue endurance, allowing wires to withstand the bending, jerking, and vibration experienced in applications that encounter repeated stress and impact.7 Improved Connections – CCS wire’s corrosion-resistant copper exterior and annealed steel core allow utility workers to ‘bite down’ on grounding wires, making solid connections that remain secure through decades of abuse.Reduced Incentives for Theft – As the price of copper reaches all-time highs, copper theft is an increasing issue. Bimetallic wires have conveniently low street value, making them less attractive to copper thieves.Improved Cost Stability – With lower copper content, bimetallic wires reduce exposure to volatile price fluctuations experienced with solid copper wires.

Of bimetallic wire’s many advantages, two benefits represent the potential for significant impact on decarbonization and green initiative efforts:

1) Bimetals Conserve Copper

Focusing on industries that use large amounts of copper is key to copper conservation efforts.

As the largest consumer of copper resources, the construction industry accounts for almost half (45%) of the nation’s copper supply. And, within the construction industry, building wire alone uses 20% of the total U.S. copper supply.8

Fortunately, the building construction industry already has an alternative to single-metal copper wire: Copper-Clad Aluminum (CCA). CCA building wire uses 1/6 the amount of copper when upsized two AWG sizes compared to copper conductors, as is required by the National Electric Code (NEC) for most electrical circuits. This upsizing allows CCA to provide comparable electrical performance to equivalently rated copper conductors.

Utilizing CCA instead of single-metal copper for building wire applications could have potentially saved the U.S. nearly 700 million pounds of copper in 2022! That’s equivalent to the copper required for 3.8 million EVs, enough solar farm capacity to power 13.3 million homes (77,000 MW), or 175 wind farms (approximately 175,00 wind turbines with 1.5-MW capacity). Using this 2022 potential saving model, CCA building wire would conserve 3.2 billion metric tons (7 billion pounds) of copper resources over the next decade, not even accounting for market growth.9, 10

2) Bimetals Provide Energy Savings

Whether electricity is generated by traditional energy sources or by green technologies, the efficient use of energy impacts power grid infrastructure. The more energy we require, the more electricity we must produce. The more electricity we must produce, the more power grid infrastructure we must build. Therefore, reducing the amount of electricity needed reduces strain on the power grid.

One way to more smartly use energy within a power grid network happens at the building level. CCA conductors are the most electrically efficient of the three building wire conductor materials permitted by the NEC when installed per code. Recent testing verifies that CCA conductors are 2.7% more energy efficient than copper conductors and 7% more efficient than aluminum conductors when installed per the NEC. This translates into significant kilowatt hour (kWh) energy savings in the nation’s power grid.11

In 2022, total U.S. electricity consumption was about 4.05 trillion kWh. Of that, 1.42 trillion kWh (38.9%) went to the residential sector.12 If CCA building wire’s electrical efficiency was applied to residential use alone, it would render 38.3 billion kWh of energy savings for the power grid. That’s enough annual electricity to power approximately 3.5 million homes or a residential population the size of the city of Chicago.13, 14

Efficient energy usage not only reduces strain on the power grid, it translates into dollars-and-cents savings for homeowners.

The average annual electricity consumed by a U.S. household in 2022 was 10,791 kWh (899 kWh per month).15 The resulting average annual U.S. household electric bill was $1,644 ($137 per month).16

Considering this data, if CCA’s electrical efficiencies were applied to 131.2 million U.S. households, the annual electric bill savings would translate to $5.8 billion for the replacement of copper alone.17 Savings projections are amplified once commercial and industrial buildings are included. In these applications, the replacement of aluminum wire with CCA in large circuits represents the potential for substantial energy cost savings.

Conclusion

Solid-copper wire has been the default material for electrical circuits for over a century, so presenting change of any kind is viewed as a threat. But, bimetals don’t threaten the copper industry; they sustain it. Bimetals allow copper to do what it does best. With copper supply deficits threatening decarbonization and green energy goals, finding safe and effective alternatives to copper is critical.

Bimetallic wire reduces the use of copper in many electrical applications, reserving copper for the periphery of the conductor, where electrical connections are made. Using a copper-alternative metal for the core of the wire, conductors can be engineered in numerous ways to provide highly specialized performance. The copper saved in the core of a wire can then be redirected to green technology investments.

From copper conservation to energy savings to enhanced performance, bimetallic ‘Supermetals’ put copper where it counts so that society can put copper where it’s needed most.

Want to learn more about Copperweld’s copper-saving, performance-enhancing bimetallic products? Contact Copperweld Sales today.

Read the full article here.

About Copperweld

Copperweld is the world leader in bimetallic wire and cable specializing in power, grounding, and signal conductors for building construction, power grid, utilities, communications, and transportation. For over 100 years, their mission has been to make the most reliable, sustainable, and innovative wire and cable products on the market. Copperweld’s metallurgical expertise and engineered solutions result in bimetallic products that enhance performance, extend service life, conserve copper, improve energy efficiency, and reduce incentives for theft. Their American-made products are manufactured in the heart of the USA, and the culture of excellence and innovation that inspired them over a century ago still drives them today.

Sources:

https://www.macrotrends.net/1476/copper-prices-historical-chart-datahttps://www.morningstar.co.uk/uk/news/248802/is-copper-entering-a-new-supercycle.aspxhttps://carboncredits.com/copper-and-the-need-to-meet-the-worlds-rewiring-demand-for-energy-transition/https://www.ft.com/content/d281665f-0444-4cd8-b616-5f5ddf2ab8a6https://www.americanbimetallic.org/post/important-differences-between-cca-and-aluminumwww.copperweld.com/blog/engineered-conductorswww.copperweld.com/blog/is-ccs-really-stronger-than-copperhttps://www.statista.com/statistics/254870/use-of-copper-and-copper-alloys-in-the-us-by-purpose/https://www.copper.org/publications/pub_list/pdf/A6191-ElectricVehicles-Factsheet.pdfhttps://www.copper.org/education/c-facts/home/https://www.americanbimetallic.org/post/important-differences-between-cca-and-aluminumhttps://www.eia.gov/energyexplained/electricity/use-of-electricity.phphttps://www.statista.com/statistics/205589/top-20-cities-in-the-us-with-the-highest-resident-population/https://www.census.gov/quickfacts/fact/table/chicagocityillinois,US/PST045222https://www.eia.gov/tools/faqs/faq.phphttps://www.eia.gov/todayinenergy/detail.phphttps://www.statista.com/statistics/183635/number-of-households-in-the-us/

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SOURCE Copperweld

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Mullen & Mullen Law Firm Launches the Mullen & Mullen Music Project

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Supporting Local Independent Music Venues and Artists

DALLAS, Sept. 23, 2024 /PRNewswire/ — Dallas based Mullen & Mullen Law Firm proudly announces the launch of the Mullen & Mullen Music Project, a dynamic initiative created in partnership with Spune Productions. The collaboration is designed to celebrate and rejuvenate the North Texas music scene by offering a platform for both emerging and established artists. The initiative kicked off with a Concert Series at local independent music venues.

Supporting Local Talent and Venues
Running from August to April, the Mullen & Mullen Music Project will feature 12 concerts at some of North Texas’s most cherished venues. The series kicked off on August 6th with a performance by Ben Nichols of Lucero at Club Dada. The Quaker City Night Hawks made their triumphant return at Tulips FTW on August 30th after a touring hiatus. The Quaker City Night Hawks concert was filmed on professional grade video cameras installed at the venue by the Music Project and live-edited by the firm’s videographer Sean Pollaro – himself a musician. The new cameras at Tulips FTW will serve as a wonderful content creation tool for local artists.

Enhancing the Music Experience
The Music Project has allowed participating venues to expedite substantial upgrades already underway. Ferris Wheelers Live has enhanced its suites and stage while embarking on an ambitious Ferris Wheel lighting project. Club Dada has upgraded its outdoor patio stage, and Tulips FTW installed the beforementioned state-of-the-art video and streaming system, enabling artists to record music and stream live performances. Each venue will also feature new murals designed and created by local artists.

A Community-Centered Initiative
Shane Mullen, Managing Attorney at Mullen & Mullen Law Firm, shared the firm’s vision: “The trust and loyalty of the North Texas community have been the foundation of our success. This project is our way of giving back by enriching the local cultural landscape and supporting the artists and venues that make our region unique.”

Corey Pond, General Manager of Spune Productions, added: “This initiative addresses the challenges faced by the indie music scene, providing more opportunities for local artists and supporting our cherished venues. It underscores the power of community, collaboration, and the enduring spirit of local music.”

Join Us in Celebrating Local Music
Over the coming months, experience the vibrant revival of North Texas’s music scene with us. Together, let’s strengthen our community while supporting local artists and independent venues. This is our backyard – let’s make it rock!

For more information, visit: https://www.mullenandmullen.com/music/

About Mullen & Mullen Law Firm:
Mullen & Mullen Law Firm has been privileged to represent injured North Texans for over 41 years. The firm is consistently recognized by TopVerdict for obtaining some of the largest personal injury settlements in the entire state of Texas. In the last 4 years, Mullen & Mullen made the “Top 50” list 44 times and the “Top 100” list 70 times. The firm offers the services of two investigators and an award-winning videographer. Website: https://www.mullenandmullen.com 

About Spune Productions:
Spune Productions is an independent leader in curating and delivering distinctive music events across Texas. Committed to enhancing communities, Spune specializes in creating impactful experiences that resonate with audiences and reflect clients’ brands. From intimate gatherings to large-scale spectacles, Spune Productions tailors each event to amplify stories through the transformative power of music. Website: https://spune.com/

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SOURCE Mullen & Mullen Law Firm

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Corteva to Participate in BMO Ag-Apalooza

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INDIANAPOLIS, Sept. 23, 2024 /PRNewswire/ — Corteva, Inc. (NYSE: CTVA) announces that Chief Executive Officer, Chuck Magro, will speak at the 2024 BMO Ag-Apalooza event at 12:00 p.m. Eastern Time on Tuesday, September 24, 2024.

Remarks will be webcast live. The webcast can be accessed through the Corteva Investor Relations website. A replay of the presentation will be available 24 hours after the presentation ends and will be accessible until October 24, 2024.

About Corteva
Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world’s most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the Company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

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SOURCE Corteva, Inc.

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SEEDING JUSTICE MAKES COMMITMENT TO ENVIRONMENTAL JUSTICE AND ECONOMIC DEVELOPMENT FOR OREGON AND PACIFIC NORTHWEST COMMUNITIES IMPACTED BY MULTIPLE CLIMATE BURDENS ON A GLOBAL STAGE AT THE CLINTON GLOBAL INITIATIVE TODAY

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PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ — Seeding Justice’s Executive Director, Se-ah-dom Edmo, joins global leaders in expanding the nonprofit organization’s commitment to an inclusive green economy focusing on clean energy initiatives created by and for impacted communities.

Click here to watch Seeding Justice’s commitment video and learn more.

What:

Clinton Global Initiative

Who:

Se-ah-dom Edmo, Executive Director, Seeding Justice

When:

September 23, 2024

Where:

New York City, New York

Seeding Justice is a nonprofit organization founded in 1976 and is the region’s largest funder of grassroots organizing and community-led grantmaking.

We focus our work on frontline communities and use community guidance and leadership to help fund the most critical causes, including a new fund to support a community-centered, clean energy future.

Since 2020, our Community Fund program has granted nearly $34 million to communities across the state through Funds like the Reproductive Health Equity Fund and the Child Care Capacity Building Fund. Seeding Justice is also the founding funder of Oregon Worker Relief, the largest program of its kind in the state, and has supported the dispersal of more than $180 million through the Fund, which helps immigrant Oregonians make ends meet.

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SOURCE Seeding Justice

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