Fun Fact about Electric Vehicles & Copper

Electric vehicles (EVs) typically require significantly more copper than conventional internal combustion engine vehicles. On average, an EV can use about three to four times more copper than a traditional vehicle, primarily due to the following factors:

1. Electric Motors: EVs use electric motors instead of engines, which require more copper for windings.
2. Batteries: The battery packs in EVs, especially lithium-ion batteries, have copper components for electrical connections.
3. Charging Infrastructure: The charging stations and associated wiring also add to copper usage.
4. Wiring and Electronics: EVs have more sophisticated electronic systems for functions like regenerative braking, advanced driver-assistance systems, and infotainment, all of which require additional copper wiring.

As demand for EVs grows, the need for copper is expected to increase, impacting supply chains and pricing in the metal market.

Copper Companies listed in US

$Freeport-McMoRan (FCX.US)$

$GLENCORE PLC (GLNCY.US)$

$BHP Group Ltd (BHP.US)$

$Rio Tinto (RIO.US)$

$Southern Copper (SCCO.US)$

Copper Companies listed in China

$Jiangxi Copper (600362.SH)$

$Tongling Nonferrous Metals Group (000630.SZ)$

$Yunnan Tin Co.,Ltd. (000960.SZ)$

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