The volume of copper needed for car components is predicted to rise to 6 million tonnes per year by 2040, increasing 143 percent from 2020 levels. This increase correlates with the growth of electric and autonomous vehicles, which contain significantly more copper than traditional internal combustion engine (ICE) cars.
Future car market
It is predicted that battery-electric vehicles (BEVs) will dominate the market by 2040, and their emergence will cause a decline in ICE vehicle sales beginning in 2037.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.
