![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, July 15, 2021 10:01:59 PM
Rising EV Sales to Boost Long-Term Copper Prices
Jul 15, 2021 | Macro and Industry Research
Highlights
The post-pandemic global economic recovery will be the primary near-term demand driver of copper.
Electric Vehicles (EVs) are expected to be the biggest long-term demand driver. Copper is essential for EV production; approximately 180 lbs of copper is used in an EV.
The International Energy Agency (IEA) forecasts 145M EVs on the road by 2030, up from just 11M in 2020. We are expecting EVs’ share of copper demand to increase from 0.7% in 2020, to 8.8% by 2030.
Global copper demand is expected to rise to 35.4M tonnes by 2030, reflecting a CAGR of 3.53% from 2020 to 2030 vs the historical rate (1960 – 2020) of 2.81%.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
FEATURED Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM
HealthLynked Expands Telemedicine Nationwide • HLYK • Jul 17, 2024 8:00 AM
Peer To Peer Network aka Mobicard™ Launches AI Investor Chatbot Boosting Engagement & Lead Generation on Ihub • PTOP • Jul 15, 2024 8:30 AM
Greenlite Ventures Announces AI Integration into No Limit Platforms • GRNL • Jul 15, 2024 8:00 AM