New EV Innovations Put A Dent In Copper Demand ...Middle East

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New EV Innovations Put A Dent In Copper Demand
source : OILPRICE ( Middle East ) () 29
Via AG Metal Miner   Two firms, Goldman Sachs & Consultancy CRU Group, recently revised their forecasts for copper usage in electric vehicles (EVs). Indeed CRU Group now predicts that the average EV will use between 51-56 kilograms of copper from this year to 2030. This is a significant decrease from their previous estimate of 65-66 kilograms. Similarly, Goldman Sachs predicts that the amount of copper in an average EV will decrease to 65 kilograms per vehicle by 2030, compared to their previous estimate of 73 kilograms last year. These…

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