COPPER 0.17% $2.87 copper futures

Demand figures are strong with EV uptake however unlike other...

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    Demand figures are strong with EV uptake however unlike other commodities there is an additional usage factor for copper which has always had a direct correlation with electricity use. Switching energy from oil to grid will lead to additional need for street, house and grid upgrades. Various estimates are published but seems difficult to estimate given each country has different needs. Likely another few hundred k tonnes.
 
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