35.8 million tonnes of copper equivalent production within" ... innovation in batteries is enabling an electric revolution that has massive ramifications. ... It took 120 years to build the modern copper industry. The electric vehicles revolution could require the supply base of copper to double again, but this time in only 20 years. This will be a prodigious feat and is simply unachievable at today's commodity prices. ... the total requirement is 35.8 million tonnes of copper equivalent production within the next twenty years.... the real issue is how the supply side moves to accommodate [demand] and what the price elasticity of supply is. Where commodities are economically scarce, any increase in demand growth beyond current levels will be very hard to meet
https://www.barrons.com/articles/7-commodity-winners-in-electric-car-revolution-1487776843