BHP Billiton: Electric Cars to Drive Surge of Copper Demand

SHANGHAI, Nov.3 (SMM)－BHP Billiton decides to invest in its nickel mine business in Australia, aiming to provide nickel sulfate needed for battery of electric cars manufacturer. Also, since copper is used in battery and motor in cars, with growing demands of electric cars and renewable energy, copper usage will surge. The company plans to increase purchase of another 400,000 tonnes copper concentrates from China’s smelting plants. Arnoud Balhuizen, CBO of BHP Billiton says, the company is active in exploring petroleum and copper.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agress with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.