Goldman Sachs said rising usage of electric vehicles was a"key pillar of copper's bullish story", forecasting copper demand from the sector to amount to 1 million tonnes this year, rising to 1.5 mt in 2025.
Last year, EV production accounted for about two-thirds of the increase in global copper demand, with EVs likely accounting for about 27 per cent of additional copper consumption over the next decade, the bank said.
Source: Car News Wire (carnewswire.net)
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