Currently the copper demand remains in the doldrums, copper prices continue to decline situation (Today copper price is RMB41450/Ton), Chile Renewable Energy Association issued a document on July 3, said US global investor in predicting the global renewable energy development and utilization will lead to copper demand blowout.
The Organization predicted over the next 25 years global for renewable energy development and utilization of the investment will be as high as $8 trillion, which demand for copper is undoubtedly good news, because whether it is the kind of energy are inseparable from copper to run, copper is the development of renewable energy irreplaceable material.
In addition, due to the development and utilization of renewable energy derived from the new technology also can not be separated from copper, such as wind power generation per ton average of 3.6 tons of copper. The manufacture of hybrid and electric vehicles is 2 to 3 times higher than that of an electric vehicle. Factory 50 million lithium ion electric vehicle only Tesla Motors super factory every year gigafactory will be able to, and the annual copper demand will reach 17 million tons, demand for lithium 25000 tons, accounting for one fifth of the world's supply.
Pearl
Emily