2024-02-14 20:53:00 ET
Summary
- The copper, lithium, and nickel markets are undergoing a rapid transformation, driven by the green energy revolution, which has spurred investments and innovation to meet the growing demand of EVs and renewable energy.
- While demand for all copper uses is higher than historical records, demand for wire, which has multiple uses in the grid and EV infrastructure, has significantly outperformed demand for other copper uses in China.
- The electrification of transportation has driven a colossal shift in the demand composition for lithium, which had a CAGR of 23% from 2017 to 2022.
- The composition of nickel demand has been changing too. Clean energy now constitutes 16% of total demand, up from just 6% in 2017.
In the two years since we published our research on electric vehicles (EVs) and metals, we’ve seen a dynamic metals market unfold before our eyes....
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For further details see:
Metals Of The Future: Demand Dynamics In The Driver's Seat