Buy NREDF by Jun 11, 2026.

Most conversations about copper focus on electric vehicles, renewable energy, and power grid expansion. Those are clearly major demand drivers. But another sector is quietly emerging as an important source of copper consumption: defense. Global military spending has been rising steadily and is projected to accelerate significantly over the next decade. According to recent projections, global defense spending could grow from about $2.1 trillion in 2010 to nearly $6 trillion by 2040. Much of that increase is expected to come …