SHANGHAI, Sept. 29 (SMM) – 2017 will be the year of revolution for electric cars and copper will be the metal of the future, Arnoud Balhuizen, Chief Commercial Officer at BHP, said.
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Currently, electric cars account for roughly 1 million units out of 1.1 billion cars worldwide. But, the number of electric cars will rise to 140 million vehicles by 2035.
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To meet huge demand for copper, BHP Billiton has invested $ 10 billion to expand Escondida copper mine. In August, the board of directors approved investment of $2.46 billion in Spence copper mine.
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