Electric vehicle growth will boost base metals, UBS says

Copper, aluminium and nickel could benefit from a growth in the electric vehicle market, which is forecast to account for 13.7% of global car sales in 2025, according to UBS analysts.

In a scenario where 100% of the world’s vehicles were electric, copper demand would grow by an estimated 21% compared to current global demand, and aluminium by 13%, UBS said in a note on Friday. Nickel would see demand jump by 118%. Rare earth metals, lithium,...

Published

Justin Yang

May 22, 2017

13:15 GMT

London