Copperstone on the market
Increasing copper demand puts Viscaria on the world map.
With its expected annual production of 30,000 tons, Viscaria will become Sweden’s second-largest copper producer and play a significant role in the European market. Currently, Europe imports over half of its copper.
Sweden produces 0.1 million tons of copper per year. That corresponds to 0.52 percent of the world’s total copper production. Aitik is the largest copper-producing mine with 90,000 tons of copper per year. When operating at full capacity, the Viscaria mine will be Sweden’s second-largest copper-producing mine and will be able to meet four percent of Europe’s copper needs. Supplying the European market will also contribute to reducing long-distance copper transportation.
In a global perspective, copper demand is expected to increase by 45-55 percent by 2032. At the same time, there is an increasing demand for locally and responsibly produced copper as new sectors in society are electrified. Companies in the industry are currently making significant investments in battery production and the production of fossil-free metals. This increases the need for copper and will benefit Viscaria’s role in the market.