European telecom operators face formidable challenges in phasing out copper networks by 2030, as highlighted in a BEREC report. The EU’s ambitious goal to enhance digital capacity with complete 5G and fiber connectivity underscores significant obstacles.
In developed markets, copper telecom networks are rapidly being replaced by more efficient fiber optic cables. Despite this shift, the value of copper is surging in other sectors, particularly in electric vehicles and renewable energy. The metal’s worth has soared over 50% from pre-pandemic levels due to high demand and lower mining outputs, with forecasts suggesting a further 50% increase in demand by 2040.
