RE:The real volume - in case you didn't know.
Globe says Lundin, others could win big in EV shift
2021-08-10 08:22 ET - In the News
See In the News (C-LUN) Lundin Mining Corp
The Globe and Mail reports in its Tuesday, Aug. 10, edition that President Joe Biden and major U.S. automakers have pledged to set a target for electric vehicle sales of 50 per cent of total purchases by 2030, highlighting the steady (and heavily subsidized) trend toward decarbonized and electrified developed world economies. The Globe's Scott Barlow writes that global research group at Bank of America Securities is attempting to identify the biggest corporate beneficiaries of the electrification movement, recommending stocks across industry sectors and including a significant number of Canadian companies. manufacturer as it is launching new EV models in the next four years. EV production requires four times the amount of copper relative to internal-combustion engine transportation. BofA Securities analyst Michael Widmer expects global copper demand will increase from 2 per cent to 2.1 per cent to 2.5 per cent to 3 per cent annually to 2030. As for beneficiaries of EV-related copper demand, four of Bank of America's top stock picks are Canadian miners. Lundin Mining, Hudbay Minerals, First Quantum Minerals and Ivanhoe Mines are joined by Britain-based Anglo American PLC.