Glencore: Copper demand to increase by 4.1 million mt by 2030 on surging EV sales

Company News 02:29:51PM Dec 13, 2017 Source:SMM

SHANGHAI, Dec 13 (SMM)-Glencore sees global copper demand to increase by 4.1 million mt by 2030 as ceo Ivan Glasenberg believes total electric vehicles sales would surge to 31.7 million units by then, from 2.1 million units in 2020.

The mining major also sees nickel demand increase by 1.1 million mt and cobalt demand up by 314,000 mt by 2030.

 


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Key Words:  Glencore   copper   cobalt   electric vehicle