 Copper prices need to rise to incentivize the new supply the world needs to meet its decarbonization and electrification targets, according to Stifel GMP analysts. In a note to clients, analysts wrote that global copper demand is expected to grow from 25 million tons today to 50 million tons in 2035 and 53 million tons by 2050, should the world stay true to its 2050 net-zero targets. 