COPPER SEMINAR: Copper demand to reach 3.5 mln tonnes by 2030 on EV growth

The growth in the adoption of electric and hybrid vehicles will see global refined copper demand rise by 20% per year until 2030, participants at a Fastmarkets Copper Seminar were told on Thursday March 11.

“Based on our copper demand projections for all types of [electric] vehicles, we estimate refined copper demand, between 2020 and 2030, will increase on average by 21%,” Fastmarkets analyst Boris Mikanikrezai said on Thursday, reaching around 2.5 million tonnes in 2030.  The electric vehicles sector will move...


Ana de Liz

March 11, 2021

16:50 GMT