Copper Consumption to Grow as New Energy Vehicle Booms

Published: Sep 18, 2017 10:59

Save

Copper consumption by the new energy vehicle industry will grow in the future, said Zhou Sheng, International Copper Association’s China-based president.

SHANGHAI, Sept. 18 (SMM) - Copper consumption by the new energy vehicle industry will grow in the future, said Zhou Sheng, International Copper Association’s China-based president.

Morgan Stanley: Fundamentals Not Good Enough to Keep Copper Price above $6,600

China’s new energy vehicle output will reach 2 million by 2020. Each vehicle will weigh 40-50 kg, and the weight of high-end new energy vehicle will reach almost 100 kg, depending on battery and motor power.

ICA: Construction Industry Takes a Lion’s Share in Copper Consumption

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.

Copper consumption new energy vehicle

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

2 mins ago

Trafigura Deepens Copper Supply Exposure Through Mining Investment

Trafigura has committed US$570 million to Develop Global's mining projects, including the Sulphur Springs copper-zinc project, while securing future marketing rights for production. The deal highlights traders' growing efforts to secure long-term copper supply.

2 mins ago

52 mins ago

Spot liquidity was weak while premiums remained firm; morning trading sentiment recovered [SMM Yangshan spot copper]

52 mins ago

1 hour ago

Central Asia Metals’ copper-zinc output beats last year

Central Asia Metals (CAML) announced that, thanks to improved operational efficiencies, its copper and zinc production for the first five months of 2026 both surpassed the same period last year. Copper output from the Kounrad operation in Kazakhstan totalled 5,141 tonnes, a near 4% increase over the last year. Meanwhile, the Sasa mine in North Macedonia produced 7,566 tonnes of zinc in concentrate, up over 2% compared to last year. In terms of pricing, the company reported significantly higher realized metal prices during the period. The average price of copper reached $13,076 per tonnes, representing a massive jump of nearly 40% over the last year, while average zinc prices rose 19% to $3,299 per tonne. In addition, historically low treatment charges for lead, which have turned negative, further boosted Sasa’s revenues. CEO Gavin Ferrar noted that the group is shaping up to deliver strong profitability and cash generation in the first half of 2026. Currently, the company is actively pushing forward with its acquisition of Australia's Cygnus Metals, announced last week, to expand its footprint into a high-grade copper-gold project in Quebec, Canada. The company remains highly confident in meeting its full-year production guidance (12,000–13,000 tonnes of copper, 18,000–20,000 tonnes of zinc concentrates, and 26,000–28,000 tonnes of lead concentrates).

1 hour ago