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NEW YORK, Sept. 13, 2022 /PRNewswire/ -- The first global copper outlook from energy research group BloombergNEF was recently released, taking into account demand from the technological shifts required to wean the industry off fossil fuels. The main conclusion is startling: Between now and 2040, demand for copper will rise by more than 50%. This growth trajectory is confronting a hurdle. However, it is more existential than acute. By 2040, primary copper production may rise by around 16%. It goes without saying that the increase falls short of the demand. Demand for copper may exceed supply by more than 6 million tonnes annually by the early 2030s. Further exploration and findings should be encouraged by copper's relatively predictable demand trajectory. Companies exploring for copper, like Torq Resources Inc. (TSXV:TORQ) ( OTCQX:TRBMF), need to make new copper discoveries to maintain the supply for the largest miners, while companies mining copper like Barrick Gold( NYSE:GOLD) (TSX:ABX), Southern Copper Corporation ( NYSE:SCCO), Taseko Mines Limited (TSX:TKO) ( NYSE:TGB), and Vale S.A. ( NYSE:VALE) need to increase production to fulfill the spike in demand.