Home / Metal News / BHP Billiton: 2017 Becomes Tipping Point for Electric Cars, and Copper Demand to Surge

BHP Billiton: 2017 Becomes Tipping Point for Electric Cars, and Copper Demand to Surge

iconSep 26, 2017 15:03
Source:SMM
The year of 2017 looks set to be the "tipping point" for electric vehicles, Arnoud Balhuizen, chief commercial officer at BHP, said on Tuesday. 

SHANGHAI, Sept. 26 (SMM) - The year of 2017 looks set to be the "tipping point" for electric vehicles, Arnoud Balhuizen, chief commercial officer at BHP, said on Tuesday. 

The impact will be felt strongly in copper market, and its supply will fall short of demand as no new big copper mines have been discovered in the last 20 years. 

The impact, however, may have been underestimated by the market, Arnoud Balhuizen said, as fully electric cars need four times as much copper as cars powered by combustion engines.

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. 

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news