In a new report, analysts said a growing reliance on solar power would boost demand for several non-ferrous metals.
If the global temperature rise was kept between 1.5 and 2 degrees Celsius, however, it would mean that aluminum demand for solar power had reached between 8.5 million tons and 10 million tons a year by 2040, the analysts said.
The report's base case scenario predicted that demand for copper arising from solar power generation would rise from 0.4 million tons in 2020 to 0.7 million tons a year by 2040.Copper consumption in the solar sector would increase to 1.3 million tons by 2040 if global warming was capped at 2 degrees Celsius.
Currently, solar power installations account for around 0.4 million tons of annual global zinc consumption, Wood Mackenzie said.
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