The growth in the adoption of electric and hybrid vehicles will see global refined copper demand rise by 20% per year until 2030, participants at a Fastmarkets Copper Seminar were told on Thursday March 11.
"Based on our copper demand projections for all types of [electric] vehicles, we estimate refined copper demand, between 2020 and 2030, will increase on average by 21%," Fastmarkets analyst Boris Mikanikrezai said on Thursday, reaching around 2.5 million tonnes in 2030. The electric vehicles sector will move...