Electric Vehicles to be Major Contributor to Copper Consumption-Shanghai Metals Market

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Electric Vehicles to be Major Contributor to Copper Consumption

Industry News 09:54:53AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) - Rio Tinto believes development of electric vehicles will positive affect copper demand, wenhua.com reported.

By the year of 2030, solar power generation will use about 7-10 million tonnes of copper, the company’s Chief Executive Officer Jean-Sebastien Jacques said. 90 kg or even ore copper will be used to produce on electric vehicle. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Electric Vehicles to be Major Contributor to Copper Consumption

Industry News 09:54:53AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) - Rio Tinto believes development of electric vehicles will positive affect copper demand, wenhua.com reported.

By the year of 2030, solar power generation will use about 7-10 million tonnes of copper, the company’s Chief Executive Officer Jean-Sebastien Jacques said. 90 kg or even ore copper will be used to produce on electric vehicle. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.