The growing demand for electric vehicles is increasing the demand for more than just lithium or cobalt over time. The transition from gasoline to electricity will require the development of new infrastructure, which is also rich in copper and aluminum.
Copper has always had a demand associated with automatic and electronic devices, and the development of electric vehicles will accelerate this demand.
Aluminum has many sources of supply around the world, but most of them come from China, which itself is trying to reduce production due to environmental concerns. This supply /demand scenario will create an interesting mid-term situation for both metals.
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Metallurgy news
- 01 May 2024
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