In a context where copper resources are becoming scarce, the mining world faces major challenges. The pressure is mounting to discover new deposits, while the exploitation of existing mines proves to be more complex. In light of this situation, technological innovation, particularly the use of AI for recycling, emerges as a potential solution. While copper prices fluctuate regularly, the ability to recycle the red metal and develop mid-sized mining projects opens new perspectives. The industry is organizing around these new opportunities to meet growing demand while integrating new economically viable approaches.
In the face of the challenges posed by depletion of copper resources, the mining sector is adapting. Large copper mines are becoming rare, requiring innovative solutions such as artificial intelligence to detect new deposits. The demand for copper continues to rise, but availability is not immediately threatened thanks to pricing strategies and improvements in existing mines.
Moreover, significant advances in recycling and promising new mining projects are under development. Recycling is anticipated as a key solution, with a projected increase of 60% by 2035. Finally, the increased integration of recycling into value chains is a priority for mining leaders, supported by substantial investments, such as those from Nexans in France.
Recycling Copper Resources
The mining world faces a significant challenge: the decrease in discoveries of large-scale copper mines. Over the past ten years, only about fifteen potential mines capable of producing approximately 300,000 tons of metal per year have emerged, compared to 75 in the previous decade. This considerable decrease in discoveries highlights the difficulties related to the exploration and exploitation of rich copper veins, forcing the industry to seek innovative alternatives such as copper recycling and the use of new technologies.
Artificial Intelligence as a Driver of Recycling
With the transition to a more circular economy, artificial intelligence (AI) plays a crucial role in optimizing recycling processes. By improving sorting and material processing techniques, AI facilitates the recovery of valuable resources. Such transformation is essential in light of the projected increase in demand, which could reach 41 million tons by 2050. AI technologies, by integrating advanced algorithms, enable waste sorting with unprecedented precision, thereby increasing the potential for material reuse.
Fluctuations in Copper Prices
The complex situation of copper resources is exacerbated by fluctuations in copper prices on the global market. In 2024, the price of a ton of copper experienced significant variations, rising from less than $8,500 to over $11,000 within a few months. These fluctuations are not solely influenced by traditional economic factors, but also by social issues, the social acceptance of mining projects, and environmental risks. In this context, the industry should not rush into new developments but rather encourage recycling initiatives and wait for optimal conditions to exploit new deposits.
