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Why Copper is the New Oil | Know The Secret Of New Oil | 12am News
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[Music]
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oil has long been the lifeblood of the
0:02
global economy powering our cars heating
0:05
our homes and fueling our
0:07
Industries but in recent years a new
0:10
Contender has emerged copper this
0:14
essential metal once used primarily in
0:16
construction and wiring is now playing a
0:19
critical role in the transition to a
0:21
clean energy
0:23
future here are just a few reasons why
0:26
copper is being called the new oil it's
0:29
essential for renewable energy copper is
0:32
a key component of solar panels wind
0:35
turbines and electric vehicle batteries
0:38
as the world increasingly turns to these
0:40
renewable sources of energy the demand
0:43
for copper is
0:45
skyrocketing it's a great conductor of
0:47
electricity copper is the best conductor
0:50
of electricity at room temperature
0:52
making it essential for everything from
0:54
Power grids to
0:56
smartphones as the world becomes more
0:58
electrified the need for copper will
1:00
only continue to
1:02
grow It's relatively abundant while not
1:06
as plentiful as some other metals copper
1:09
is still relatively abundant compared to
1:12
Rare Earth elements or lithium this
1:15
means that there is less risk of a
1:17
supply shortage which could drive off
1:21
prices it's
1:23
recyclable copper is one of the most
1:25
Recyclable Metals with over 50% of all
1:28
copper ever mined still in use today
1:31
this makes it more sustainable Choice
1:34
than many other
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[Music]
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materials the rise of the green
1:40
Metals copper is not the only metal that
1:43
is playing a crucial role in the Green
1:45
Revolution other metals such as lithium
1:48
Cobalt and nickel are also in high
1:51
demand for their use in batteries and
1:53
other Clean Energy
1:55
Technologies these metals are often
1:57
referred to as green metals
2:00
the rise of green Metals is a major
2:01
shift in the global economy for decades
2:05
the world has been relying on fossil
2:07
fuels but as the climate crisis worsens
2:10
we are starting to see a transition to
2:12
cleaner energy sources this transition
2:15
is being driven by several factors
2:17
including concerns about climate change
2:20
air pollution and energy
2:23
security the challenges ahead while the
2:26
future of copper is bright some
2:28
challenges need to be addressed One
2:30
Challenge is the environmental impact of
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copper mining copper mining can be a
2:34
dirty and polluting process and it is
2:37
important to find ways to minimize the
2:39
environmental impact of this
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industry another challenge is the
2:43
potential for supply shortages while
2:46
copper is relatively abundant there is
2:49
still a risk that demand could outpace
2:51
Supply this could lead to higher prices
2:54
and slower progress in the transition to
2:56
clean
2:57
energy the bottom line
3:00
despite these challenges the future of
3:02
copper is looking bright copper is an
3:05
essential metal that is playing a
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critical role in the transition to clean
3:09
energy future as the world increasingly
3:12
turns to renewable energy sources the
3:14
demand for copper will only continue to
3:16
grow this makes copper a valuable
3:19
investment for both individuals and
3:22
businesses in addition to the points
3:24
above here are some other interesting
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facts about
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copper copper has has been used by
3:30
humans for thousands of years the
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earliest known use of copper dates back
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to 8,700
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BC copper is the third most abundant
3:40
metal in the Earth's crust after
3:43
aluminium and iron the United States is
3:46
the world's largest producer of copper
3:49
the price of copper has been on the rise
3:51
in recent years due to increasing demand
3:54
I hope this video has given you a better
3:56
understanding of why copper is being the
3:59
called the new oil copper is an
4:01
essential metal that is playing a
4:03
critical role in the transition to a
4:05
clean energy future as the world
4:07
increasingly turns to renewable energy
4:09
sources the demand for copper will only
4:11
continue to grow this makes copper a
4:14
valuable investment for both individuals
4:16
and
4:17
businesses I'd also like to add that it
4:20
is important to be aware of the
4:22
potential environmental and social
4:23
impacts of copper mining it is important
4:26
to choose to invest in companies that
4:29
are committed to sustainable mining
4:31
practices
4:32
[Music]
#Energy & Utilities
#Renewable & Alternative Energy
#Metals & Mining
#Precious Metals