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Copper Crisis Threatens Green Initiatives

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Could Bimetallic ‘Supermetals’ Provide a Solution?

by Craig York, Copperweld CEO

BRENTWOOD, Tenn., June 25, 2024 /PRNewswire/ — The copper industry is driven by a complex system of supply-and-demand cycles. One cycle of particular concern, given the growing interest in decarbonization technologies, involves the relationship between global copper supply and green initiative copper demand. This co-dependency presents a zero-sum scenario where copper supply deficits threaten green initiatives, and green initiatives intensify the copper supply crisis. To avoid a stalemate, the future of green programs may depend on solutions that offer a more efficient and sustainable use of copper.

Copper Supply Shortfall

Copper prices recently reached record highs, crossing the $5/lb threshold for the first time.1 Analysts attribute much of this price explosion to soaring copper demand, mainly due to the large role copper plays in renewable energy, decarbonization efforts, and power grid investments.2

Over time, if increased copper demand is continually met with reduced supply, shortfalls are soon to follow. In 2022, copper production was about 22 million metric tons (MMT), while demand was about 26 MMT; recycled copper scrambled to make up the difference.2 Some analysts estimate the growing supply-demand gap will result in an annual copper supply shortfall of 8 million tons by 2034 — an outcome that would pose a significant hurdle for the future of green energy projects.3

How Does the Copper Shortage Threaten Green Goals?

It is estimated that the technology used in green initiatives could eliminate 2/3 of global greenhouse gas emissions by 2050. However, meeting net-zero carbon emission targets would require doubling annual copper demand to 50 MMT. With copper suppliers already struggling to increase output, that’s unlikely to happen.3

Richard Adkerson, former CEO of U.S. mining group, Freeport-McMoRan, predicts that surging copper demand will cause a supply shortfall as society rapidly adopts electric cars, renewable electricity, and power grid expansions.4

Wire and cable products are of particular interest in the usage of copper for green programs. Overall, wire and cable use related to the green energy transition could grow from 0.8 million MMT to 6.7 MMT between 2020 and 2040.3

While copper demand in conventional applications will increase only 0.5% by 2040, there will be significant increases in copper usage in some green energy sectors. This includes an 11% increase in demand from electric vehicles (EVs) and chargers, a 19% increase from grid expansion, and a 7% increase from renewable energy technologies during this time frame.3

As our society moves forward with green energy initiatives, we must conserve and reallocate copper resources. The solution is found in copper supply management through copper-alternative products in high-usage markets.

‘Supermetals’ — Bimetallic Wire Conserves Copper and Offers Enhanced Performance

A bimetallic wire is an engineered electrical conductor that is composed of two separate metals metallurgically bonded together, combining the distinct characteristics of the two metals into one ‘Supermetal’.

Copper is limited in its engineering options. To increase strength, you must use more copper. With a bimetallic wire, an engineered core of steel or aluminum can be used to provide benefits like increased strength or improved energy efficiency while conserving copper at the same time.

Unlike alloys which are a blend of metals throughout, bimetallic wire often consists of a corrosion-resistant periphery of copper with an inner core of metal chosen for its specific performance characteristics. This construction opens a wide range of engineering possibilities for leveraging the core of the wire to create an electrical conductor that goes beyond copper’s capabilities alone.

Two popular bimetallic ‘Supermetals’ have forged a significant presence in the power grid and construction markets:

Copper-Clad Steel (CCS) grounding, power, and signal conductors have been used in substations, power distribution, underground utilities, mining, and transportation applications for nearly a century.Copper-Clad Aluminum (CCA) is a bimetallic conductor that has been widely used in telecommunication, data, and building construction applications for over 50 years.

Bimetallic ‘Supermetal’ Benefits:

Reduced Copper Consumption – Bimetallic conductors optimize the use of valuable copper, in some cases using only 1/6 the copper found in solid copper wire.Improved Energy Efficiency – CCA building wire has 2.7% lower impedance, translating into energy savings and less strain on the power grid.5Enhanced Strength – CCS conductors provide up to three times more tensile strength than solid copper, allowing CCS wires to be used in power grid and utility applications where demanding conditions often lead to broken wire or loose connections that can cause power outages and safety hazards.6 Extended Service Life – CCS conductors have up to five times more flex-fatigue endurance, allowing wires to withstand the bending, jerking, and vibration experienced in applications that encounter repeated stress and impact.7 Improved Connections – CCS wire’s corrosion-resistant copper exterior and annealed steel core allow utility workers to ‘bite down’ on grounding wires, making solid connections that remain secure through decades of abuse.Reduced Incentives for Theft – As the price of copper reaches all-time highs, copper theft is an increasing issue. Bimetallic wires have conveniently low street value, making them less attractive to copper thieves.Improved Cost Stability – With lower copper content, bimetallic wires reduce exposure to volatile price fluctuations experienced with solid copper wires.

Of bimetallic wire’s many advantages, two benefits represent the potential for significant impact on decarbonization and green initiative efforts:

1) Bimetals Conserve Copper

Focusing on industries that use large amounts of copper is key to copper conservation efforts.

As the largest consumer of copper resources, the construction industry accounts for almost half (45%) of the nation’s copper supply. And, within the construction industry, building wire alone uses 20% of the total U.S. copper supply.8

Fortunately, the building construction industry already has an alternative to single-metal copper wire: Copper-Clad Aluminum (CCA). CCA building wire uses 1/6 the amount of copper when upsized two AWG sizes compared to copper conductors, as is required by the National Electric Code (NEC) for most electrical circuits. This upsizing allows CCA to provide comparable electrical performance to equivalently rated copper conductors.

Utilizing CCA instead of single-metal copper for building wire applications could have potentially saved the U.S. nearly 700 million pounds of copper in 2022! That’s equivalent to the copper required for 3.8 million EVs, enough solar farm capacity to power 13.3 million homes (77,000 MW), or 175 wind farms (approximately 175,00 wind turbines with 1.5-MW capacity). Using this 2022 potential saving model, CCA building wire would conserve 3.2 billion metric tons (7 billion pounds) of copper resources over the next decade, not even accounting for market growth.9, 10

2) Bimetals Provide Energy Savings

Whether electricity is generated by traditional energy sources or by green technologies, the efficient use of energy impacts power grid infrastructure. The more energy we require, the more electricity we must produce. The more electricity we must produce, the more power grid infrastructure we must build. Therefore, reducing the amount of electricity needed reduces strain on the power grid.

One way to more smartly use energy within a power grid network happens at the building level. CCA conductors are the most electrically efficient of the three building wire conductor materials permitted by the NEC when installed per code. Recent testing verifies that CCA conductors are 2.7% more energy efficient than copper conductors and 7% more efficient than aluminum conductors when installed per the NEC. This translates into significant kilowatt hour (kWh) energy savings in the nation’s power grid.11

In 2022, total U.S. electricity consumption was about 4.05 trillion kWh. Of that, 1.42 trillion kWh (38.9%) went to the residential sector.12 If CCA building wire’s electrical efficiency was applied to residential use alone, it would render 38.3 billion kWh of energy savings for the power grid. That’s enough annual electricity to power approximately 3.5 million homes or a residential population the size of the city of Chicago.13, 14

Efficient energy usage not only reduces strain on the power grid, it translates into dollars-and-cents savings for homeowners.

The average annual electricity consumed by a U.S. household in 2022 was 10,791 kWh (899 kWh per month).15 The resulting average annual U.S. household electric bill was $1,644 ($137 per month).16

Considering this data, if CCA’s electrical efficiencies were applied to 131.2 million U.S. households, the annual electric bill savings would translate to $5.8 billion for the replacement of copper alone.17 Savings projections are amplified once commercial and industrial buildings are included. In these applications, the replacement of aluminum wire with CCA in large circuits represents the potential for substantial energy cost savings.

Conclusion

Solid-copper wire has been the default material for electrical circuits for over a century, so presenting change of any kind is viewed as a threat. But, bimetals don’t threaten the copper industry; they sustain it. Bimetals allow copper to do what it does best. With copper supply deficits threatening decarbonization and green energy goals, finding safe and effective alternatives to copper is critical.

Bimetallic wire reduces the use of copper in many electrical applications, reserving copper for the periphery of the conductor, where electrical connections are made. Using a copper-alternative metal for the core of the wire, conductors can be engineered in numerous ways to provide highly specialized performance. The copper saved in the core of a wire can then be redirected to green technology investments.

From copper conservation to energy savings to enhanced performance, bimetallic ‘Supermetals’ put copper where it counts so that society can put copper where it’s needed most.

Want to learn more about Copperweld’s copper-saving, performance-enhancing bimetallic products? Contact Copperweld Sales today.

Read the full article here.

About Copperweld

Copperweld is the world leader in bimetallic wire and cable specializing in power, grounding, and signal conductors for building construction, power grid, utilities, communications, and transportation. For over 100 years, their mission has been to make the most reliable, sustainable, and innovative wire and cable products on the market. Copperweld’s metallurgical expertise and engineered solutions result in bimetallic products that enhance performance, extend service life, conserve copper, improve energy efficiency, and reduce incentives for theft. Their American-made products are manufactured in the heart of the USA, and the culture of excellence and innovation that inspired them over a century ago still drives them today.

Sources:

https://www.macrotrends.net/1476/copper-prices-historical-chart-datahttps://www.morningstar.co.uk/uk/news/248802/is-copper-entering-a-new-supercycle.aspxhttps://carboncredits.com/copper-and-the-need-to-meet-the-worlds-rewiring-demand-for-energy-transition/https://www.ft.com/content/d281665f-0444-4cd8-b616-5f5ddf2ab8a6https://www.americanbimetallic.org/post/important-differences-between-cca-and-aluminumwww.copperweld.com/blog/engineered-conductorswww.copperweld.com/blog/is-ccs-really-stronger-than-copperhttps://www.statista.com/statistics/254870/use-of-copper-and-copper-alloys-in-the-us-by-purpose/https://www.copper.org/publications/pub_list/pdf/A6191-ElectricVehicles-Factsheet.pdfhttps://www.copper.org/education/c-facts/home/https://www.americanbimetallic.org/post/important-differences-between-cca-and-aluminumhttps://www.eia.gov/energyexplained/electricity/use-of-electricity.phphttps://www.statista.com/statistics/205589/top-20-cities-in-the-us-with-the-highest-resident-population/https://www.census.gov/quickfacts/fact/table/chicagocityillinois,US/PST045222https://www.eia.gov/tools/faqs/faq.phphttps://www.eia.gov/todayinenergy/detail.phphttps://www.statista.com/statistics/183635/number-of-households-in-the-us/

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Citi Singapore receives dual award recognition from FinanceAsia and Forbes

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Citi named Best International Bank and Best International Investment Bank in Singapore by FinanceAsia for the second year in a rowCiti ranked as #1 in Singapore among Forbes World’s Best Banks 2026

SINGAPORE, April 27, 2026 /PRNewswire/ — Citi Singapore today announced that it was conferred awards by both FinanceAsia and Forbes, underscoring its leading position in the financial industry.

The bank won multiple accolades from FinanceAsia, including ‘Best International Bank’ and ‘Best International Investment Bank’ in Singapore for the second year running. It was also ranked first in Singapore amongst Forbes World’s Best Banks 2026.

FinanceAsia Awards 2026

FinanceAsia, a leading Hong Kong-based financial publication reporting on Asia Pacific’s financial and capital markets, recognized Citi’s strong financial performance, as well as its commitment to client service and innovation across various segments of its institutional and wealth management businesses in Singapore.

Besides the ‘Best International Bank’ and ‘Best International Investment Bank’ awards, Citi also won ‘Best International ECM House’ and ‘Best International M&A House’ in Singapore.

“We are incredibly honored to receive these significant recognitions from FinanceAsia and Forbes,” said Lee Lung Nien, Citi Country Officer for Singapore. “These awards are a testament to the dedication and hard work of our teams, who consistently strive to deliver exceptional value and service to our clients. Singapore remains a critical hub for Citi, and these accolades reinforce our strategy and commitment to driving growth and innovation in this market.”

Forbes World’s Best Banks 2026

Citi’s #1 ranking in Singapore in the prestigious Forbes World’s Best Banks 2026 list is based on a comprehensive survey conducted by Forbes and Statista. Over 50,000 consumers from 34 countries were engaged for this survey in 17 different languages.

Survey participants evaluated banks where they currently have a checking or savings account (within the last three years), or that they knew through family or friends. They shared how satisfied they were with each bank and whether they would recommend it to others, then rated each on trustworthiness, terms and conditions, digital services, customer service and financial advice.

Yeo Wenxian, Head of Wealth for Asia South, said “We are honored to be recognized by FinanceAsia and Forbes. The accolades are a powerful affirmation of the trust our clients place in us and the unwavering commitment of our teams. The awards fuel our determination to keep raising the bar, serving with excellence, and delivering wealth management experiences centered on our clients’ needs.”

These awards reflect Citi Singapore’s robust performance, strategic initiatives, and client-centric approach, solidifying its reputation as a pre-eminent financial partner in the region.

About Citi 
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi 

 

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“Pretty Messy” Completes Jūji’s Debut Album Journey — A Luminous Title Track About Embracing Pain and Moving Forward

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BANGKOK, April 27, 2026 /PRNewswire/ — Thai indie pop–jazz outfit Jūji gracefully wraps up its debut full-length album with “Pretty Messy,” a beautifully crafted title track that invites listeners to embrace past wounds before stepping into the future.

Based in Chiang Mai, Thailand, and currently signed to Melodic Corner, Jūji has steadily captured audiences with its signature blend of indie pop and jazz, weaving deeply personal narratives in both English and Japanese. Its growing international presence includes performances at Bangkok Music City 2026 in Thailand, Music Lane Festival Okinawa 2026 in Japan, and Minrock Festa 2025 in Busan, South Korea.

Following these international appearances, Jūji reaches a defining milestone with the release of its debut full-length project, The 1st Album, culminating in “Pretty Messy” — a reflective and healing composition that encourages listeners to find beauty and meaning within life’s imperfections.

Finding Beauty in Imperfection

“Pretty Messy” explores the process of accepting and embracing sadness. Inspired by real-life experiences, the track reflects on memories, emotional baggage, and the inevitable act of letting go. At its core, it offers a message of quiet optimism: that pain, in hindsight, can reveal its own kind of beauty — especially once we find the strength to move forward.

A Journey Through Love, Longing, and Self-Discovery

As part of The 1st Album, “Pretty Messy” completes a narrative arc centered on love in its many forms — spanning self-discovery, heartbreak, infatuation, and even the longing for something that may never exist.

Over the past year, listeners have followed this journey through standout tracks including “Moon Or Stars,” “You,” “More & More,” “Never This Far Away Gone (All In),” “No Turning Back,” “Forbidden Love,” and “Dreamland,” all leading to the album’s poignant conclusion.

The Sound of Jūji

The 1st Album showcases Jūji’s distinctive indie pop–jazz sensibility, enriched by each member’s unique musical influences. The result is a cohesive body of work that feels both dreamy and sincere — capturing the emotional complexity and quiet vulnerability of the human experience.

Watch & Listen

Experience the beauty of imperfection in Jūji’s “Pretty Messy,” now available as an official music video on YouTube via Melodic Corner. The 1st Album is also available on all major streaming platforms.

Stay connected with Jūji for upcoming projects and uniquely curated content across all official channels.

Follow Jūji
YouTube : https://youtube.com/@jujiband.official?si=Oqz9qvv59XMdlTCY
Instagram : https://www.instagram.com/jujiband.official/?hl=en
Tiktok : https://www.tiktok.com/@jujiband.official?is_from_webapp=1&sender_device=pc

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Protiviti Congratulates Brand Ambassador Matt Fitzpatrick as Fitzpatrick Brothers Win Zurich Classic of New Orleans

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Alex Fitzpatrick Earns PGA TOUR Card

MENLO PARK, Calif., April 26, 2026 /PRNewswire/ — Protiviti Golf Brand Ambassador and professional golfer Matt Fitzpatrick continued his strong 2026 season with a victory at the Zurich Classic of New Orleans alongside his brother, Alex Fitzpatrick. The Fitzpatrick brothers delivered a composed and cohesive performance throughout the team-format event, completing rounds of 64-65-57-71 (-31). The win secured Alex Fitzpatrick his first PGA TOUR card, marking a significant milestone in his professional career.

This marks Matt Fitzpatrick’s third win of the season, most on the PGA Tour, the 14th professional win of his career, and fifth on the PGA Tour. Fitzpatrick is currently No.1 on the FedEx Cup ranking and No. 3 in the Official World Golf Ranking, the highest ranking of his career. 

To commemorate Fitzpatrick’s win, Protiviti donated 25,000 meals through its “Birdies for Meals” campaign. Since its launch in 2021, the Birdies for Meals program has already donated more than 825,000 meals to people in need. 

“Congratulations to Matt Fitzpatrick and Alex Fitzpatrick on an outstanding victory—an inspiring showcase of chemistry and consistency. We also applaud Alex on earning his PGA TOUR card, a significant step in his career,” said Joseph Tarantino, Protiviti’s president and CEO. “In celebration of this win, Protiviti will donate 25,000 meals through our Birdies for Meals campaign, extending the impact well beyond the course.”

As Matt Fitzpatrick’s Official Performance Data Partner, Protiviti collaborates closely with Matt and his coaching team to enhance performance through advanced analytics and technology. By leveraging Microsoft technologies, Protiviti has developed a custom analytics platform, tailored dashboards, and a mobile application that streamline data collection and deliver real-time, shot-level insights. These tools enable more informed, data-driven decision-making across practice and competition, helping identify trends, refine preparation, and improve consistency. Learn more at www.protiviti.com/golf-data.

“It has been an incredible opportunity to work with Matt and see Protiviti’s work play a role in his on-course success. Just as we do with many clients, our team has built a bespoke program leveraging emerging technologies, advanced analytics and artificial intelligence to provide Matt, his caddie, and coaches with analysis and insights that aid in his preparation and guide strategy for each event he plays,” said Nick Ciafardini, associate director, Innovation for Protiviti.

“This win is surreal for me, especially doing it alongside my brother. I’m incredibly proud of Alex earning his PGA TOUR card—it’s a huge milestone for him and one we’ll always share. I’m also so grateful for the unwavering support from my family, my team, and my partners at Protiviti, whose data-driven approach to performance has become a key part of my preparation and constant pursuit of improvement,” said Matt Fitzpatrick.

After taking control with a historic 15-under in the fourball third round, the Fitzpatrick brothers briefly dropped the lead in the final round. With the tournament on the line at the 18th, they delivered a clutch closing sequence to seal the victory. Matt’s precision tee-to-green and Alex’s timely putting proved decisive, highlighting their chemistry under pressure.

Other notable Fitzpatrick wins include the 2015 British Masters, 2016 Nordea Masters, the 2016, 2020, and 2025 DP World Tour Championships. On the PGA Tour, Fitzpatrick also won the 2022 U.S. Open, RBC Heritage (2023 & 2026) and the 2026 Valspar Championship. He has been a Protiviti brand ambassador since 2020.

For more information about Protiviti’s golf brand ambassador program, please visit www.protiviti.com/golf.

About Protiviti 
Protiviti (www.protiviti.com) is a global consulting firm that helps clients transform and protect their businesses, and respond to planned and unexpected events. Through a network of more than 90 offices in over 25 countries, Protiviti and its independent and locally owned member firms deliver deep expertise and tailored capabilities across technology, artificial intelligence, data, operations, finance, legal, compliance, HR, marketing, digital, risk, and internal audit – enabling organizations to accelerate innovation, navigate risks and safeguard what matters most.

Named to the Fortune 100 Best Companies to Work For® list since 2015, Protiviti Inc. has served more than 80 percent of Fortune 100 and nearly 80 percent of Fortune 500 companies. The firm also works with government agencies and smaller, growing companies, including those looking to go public. Protiviti Inc. is a wholly owned subsidiary of Robert Half (NYSE: RHI).

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