Ferrari and BMW Accelerate Shift to Aluminum Wiring, Raising Attention on Copper Substitution

Published: Jul 1, 2026 09:34

Save

Ferrari and BMW are introducing aluminum wiring into new vehicle models, joining Tesla and several Chinese EV manufacturers in replacing part of their copper wiring with aluminum. Aluminum costs roughly one-quarter as much as copper and offers significant weight savings, helping improve vehicle efficiency and driving range. Aluminum substitution is expected to affect around 2% of global copper demand in 2026, with the potential to replace as much as 6% of annual copper demand by 2030 if copper prices remain structurally high. Market participants believe electric vehicles, power cables and home appliances will be the main sectors driving aluminum substitution, although copper is expected to retain its dominant position in applications requiring superior electrical conductivity and performance.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Flash] Qatar July Sulfur Official Contract Price at $890/mt

Market sources say Qatar's July sulfur official contract price has been released at $890/mt, up $85/mt MoM.

1 hour ago

Copper Fox Plans C$3 Million Financing for North American Copper Projects

Copper Fox Metals plans to raise up to C$3 million through a non-brokered private placement at C$0.60 per share. Net proceeds will be used to advance exploration and development activities at the company’s Van Dyke, Mineral Mountain, Eaglehead and Sombrero Butte copper projects in North America.

1 hour ago

Kodiak Copper Expands Drilling at MPD Copper-Gold Project

Kodiak Copper has expanded its fully funded 2026 exploration program at the MPD copper-gold porphyry project in British Columbia. The company increased planned drilling from 6,500 metres to 16,500 metres and added a second drill rig to accelerate resource growth and test priority targets.

1 hour ago