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

Hot Keywords

  • Inventory data
  • Stainless steel
  • Aluminium
  • Rare earths
  • Nickel
  • Market commentary
  • Zinc
  • Macroeconomics
  • Iron ore
  • Sales data
  • Copper
  • precious metals
  • Futures movement
  • Production data
  • Nickel ore

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

Industry News 03:03:33PM Sep 26, 2017 Source:SMM

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. 

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

Industry News 03:03:33PM Sep 26, 2017 Source:SMM

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.