Electric vehicles to drive copper demand over next decade – study

June 13, 2017

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A growing market for electric vehicles (EVs) will significantly boost demand for copper over the next decade, from 185 000 t this year to 1.74-million tonnes in 2027, a study commissioned by the International Copper Association (ICA) has found. “That’s a ninefold increase. On top of this, each EV charger will add 700 g of copper and if they are fast chargers, they can add up to 8 kg of copper each,” said research firm IDTechEx senior technology analyst Franco Gonzalez.

Category: General