Copper's rise in the electric-vehicle era
S&P Global Mobility forecasts that the global automotive copper market is expected to grow from 2.7 million tonnes in 2023 to reach 7.3 million tonnes by 2033.
The global boom in electric-vehicle production will have a significant impact on copper mines, as the demand for copper in the automotive sector is set to skyrocket. This surge in demand is primarily due to the exceptional properties of copper that makes it indispensable in the EV sector.
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