Q>1.Is copper what they would use? Steel? Aluminium?
High or room temperature super conductors is the answer. Heard a respected electrical engineer talking on the abc radio a while ago. When asked what he was most excited about in the future of the grid it wasn't solar etc... it was the possibilities that super conductors would open up. Zero loss cables.
High temp is still down at what to us is low (liquid nitrogen ) but there are materials that work at higher temperatures.
There is also some possibility of using loops of no loss conductors as batteries. Put the current in abd it just goes round and round.