Copper: We’ve run out of time and the reckoning is coming, page-10

The International Energy Agency says the number of electric cars, buses, vans and heavy trucks on roads is expected to hit 145 million by 2030.

According to the IEA’s Global Electric Vehicle Outlook, if governments ramp up their efforts to meet international energy and climate goals, the global electric vehicle fleet could increase further still, hitting 230 million by the end of the decade. Both of these projections exclude two- and three-wheeled electric vehicles.

The above will consume a significant amount of copper metal.

A copy of the 29 April 2021 IEA's 'Global Electric Vehicle Outlook 2021' report is available here:

https://www.iea.org/reports/global-ev-outlook-2021


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These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.