Lion Copper & Gold Corp. (LCGMF)

[ComstockRoyalty]

>>>> Copper Demand to Rise by 9X Times.... YES 9X


MELBOURNE, June 13 The growing number of
electric vehicles hitting roads is set to fuel a nine-fold
increase in copper demand from the sector over the coming
decade, according to an industry report on Tuesday.
Electric or hybrid cars and buses are expected to reach 27
million by 2027, up from 3 million this year, according to a
report by consultancy IDTechEx, commissioned by the
International Copper Association (ICA).
"Demand for electric vehicles is forecast to increase
significantly over the next ten years as technology improves,
the price gap with petrol cars is closed and more electric
chargers are deployed," IDTechEx Senior Technology Analyst
Franco Gonzalez said in the report.
"Our research predicts this increase will raise copper
demand for electric cars and buses from 185,000 tonnes in 2017
to 1.74 million tonnes in 2027," Gonzalez said.
Electric vehicles use a substantial amount of copper in
their batteries and in the windings and copper rotors used in
electric motors. A single car can have up to six kilometres of
copper wiring, according to the ICA.
The global market for copper is around 23.9 million tonnes,
according to the International Copper Study Group.
http://in.reuters.com/article/copper-demand-electric-vehicles-idINL3N1JA26Z


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