Electric vehicles on the road to triple by 2020 — IEA Cecilia Jamasmie Excerpts:
”An average gasoline-powered car uses about 20 kg of copper, mainly as wiring. A hybrid needs about 40 kg and a fully electric car has roughly 80 kg of copper (176 pounds).”
”It means that, in the next decade, global copper demand will increase between 3 and 5 million tonnes, experts predict. Once electric vehicles become popular, they estimate demand to reach 11,000,000 tonnes of new copper for EV’s alone, with potential upside in other green technologies.” ”experts believe global copper demand will surpass supply earlier than expected, with the first clear signs coming as early as next year.”
”The supply deficit could be of over 900,000 tonnes in 2021 and 2022, according to BMO Capital Markets, as supply growth slows due to deteriorating ore grades in major producing countries, lack of new significant discoveries and very low investment in exploration.” http://www.mining.com/electric-vehicles-road-triple-2020-iea/ Kind regards,
