Copper Price news, page-162

Recently I've been kept interested in the copper price due to LME intervention. But looking further out what type of demand are we looking at? So I decided to look into Tesla and do some research on what they are planning. I was shocked with what I found. Here are some links to peruse.

https://insideevs.com/news/539390/giga-shanghai-overtakes-fremont-output/

https://cleantechnica.com/2021/08/09/tesla-giga-shanghais-new-production-rate-is-450000-year/

https://thedriven.io/2020/11/25/teslas-berlin-giga-factory-will-be-biggest-battery-factory-in-world/

https://insideevs.com/news/542318/tesla-production-sites-assignment-october2021/

With 1 quarter left to report Tesla may well deliver 850-900K vehicles this year 2021.

All numbers from Official Tesla reports. Some of the Tesla figures in this list do not align with official end of year numbers due to leased vehicle numbers not included. Either way makes little difference to the outcome.


Note: 2021 Copper usage will be over double 2019.
Copper used per vehicle is 130Lbs per Model 3/Y and 180Lbs for Model S/X
Reading into the links above, once the GigaBerlin factory starts production we may well see 1.5m Tesla's built and delivered by end 2022 and well into the 2m EV's per year by 2023.

Now all the copper usage is far more as the Gigafactories use a monumental amount of copper in their construction and machinery/robots etc used in these factories.

I also need to look into charging station production and units sold as these too use a lot of copper.