Growing electric vehicle (EV) demand has often gone hand-in-hand with growth in demand for copper. However, it is only more recently that it has been possible to estimate just how much this demand will increase, and what’s driving it.
New research, commissioned by the International Copper Association (ICA) and conducted by the Martec Group, has revealed that demand for copper in the wire harness in the light-duty automotive industry is expected to grow to more than 1.7 million tonnes annually by 2032. Simultaneously, overall copper demand related to EVs is expected to grow by 36 percent.
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