Copper And Future Demands ? Read On Some Great Info On Copper And Future Demands.
Copper is widely used industrially. It has benefitted greatly from the extended construction boom – and the endless miles of copper wiring required for all these new structures.
In the 21st century, however, EVs and renewable energy have stoked the global demand for copper much further.
Conventional gas-powered automobiles need from 18 to 49 lbs of copper. Conversely, the average EV requires 183 lbs. (83kgs) of copper.
With most Western governments having announced plans to phase-out gasoline-powered automobiles, the EV Revolution is going to demand lots more copper.
Then there is renewable energy.
Copper usage “intensity” is 4- 6 times greater in renewable energy systems versus either fossil fuel or nuclear power plants. In solar power alone, the Copper Development Association estimates that the 262 GW of new solar installations planned from 2018 through 2027 will require 1.9 billion lbs of copper.