Open copper mine in Cyprus. UN: copper deficiency can slow down the transition to pure energy and digital infrastructure Economic development ~ 60 > world copper industry enters the key phase, when it is required not only to increase production, but also to move to more rational, inclusive growth strategies oriented to new technologies. This is stated by UN Conference Experts in Trade and Development (UNCTAD) in a report published on Tuesday. & Amp; nbsp; they remind you that copper is more than metal. It is in our phones, houses, cars and imperceptibly “nourishes” our daily life. As the demand for clean technologies, such as solar panels and electric cars grows, copper is increasingly in the spotlight. & Amp; nbsp; & nbsp; According to estimates, the global demand for copper will grow by 40 percent by 2040, while the proposal for a number of reasons does not correspond to demand. The expected shortage of copper can slow down the transition of the world to environmentally friendly energy and digital infrastructure, the Junktad warns. In the report, copper is called a “new strategic raw material resource” in the “green and digital economy” and another test for the global trading system that is experiencing difficulty. & Amp; nbsp; ~ 60 >~ 60 > copper is necessary for electric vehicles, renewable energy sources, infrastructure related artificial intelligence, data centers and not only. However, the proposal is limited due to the low content of copper in ore, geopolitical risks and long terms for the launch of new deposits, this process takes up to 25 years. To satisfy existing needs, it is necessary to open 80 new mines and invest 250 billion dollars. & Amp; nbsp; developing countries could get more benefits & nbsp; 62 > 62 > 62 > 62 > 62 > 62 > 62 > 62 ~ 62Countries rich in resources lose benefits, exporting copper as raw materials, they note to the Junktad. More than half of the world’s copies are concentrated in five countries & NBSP; – & nbsp; Australia, Chile, Peru, the Democratic Republic of the Congo and the Russian Federation. However, the main value added is created in other regions. China imports 60 percent of all copper ore and produces more than 45 percent of refined copper. & Amp; nbsp; ~ 60 > Junctad notes that many countries with resources are stuck on the “lower steps” & nbsp; cost & nbsp; – & nbsp; they export raw materials, but cannot develop industry. The introduction of tariffs & nbsp; – & nbsp; about 2 percent per refined copper up to 8 percent for finished products (for example, copper sheets and wires) & nbsp; – prevents the process modernization. & nbsp; strategic asset & nbsp; “Copper & nbsp; – & nbsp; this is not just raw materials, it is a strategic asset”, & nbsp; – & nbsp; said Lusa Maria de La Mora, director of the Department of International Trade and Raw Products Junctad. & Amp; nbsp; ~ 60 > “copper market exposes an imbalance of forces, which still forms global trade. Therefore, it is necessary to invest in the creation of added cost on the ground, develop processing [raw materials] and remove trading barriers. This is the moment when all & nbsp; – & nbsp; if trading will work for development, ”she emphasized. & Amp; nbsp; 60 > in 2023 4.5 million tons, or almost 20 percent of all -worn copper, was obtained from secondary ones, received from secondary ones. sources. The USA, Germany and Japan & nbsp; – & nbsp; the largest exporters of copper scrap, and China, Canada and the Republic of Korea & nbsp; – & nbsp; its leading importers. & nbsp; ~ 60 > In this case, for developing countries, copper processing & nbsp; could become & nbsp; thanks to it, you can reduce dependence on imports and create a circular economy that protects the environment and effectively uses resources. & nbsp; copper & nbsp; – & nbsp; test for the future of the trading strategy & nbsp; 62 ~ authors report They say that the situation with copper & nbsp; – & nbsp; this is an example of critical resource management against the background of global trade stress, fragmented supply chains and changing industrial policy. These risks reflect the wider uncertainty, which was previously warned by the specialists of the Junctad. & Amp; nbsp;