This electric shift thing is very nice, but there’s another problem that we’re forgetting about…

Electric switching is widely encouraged and, in Europe, rushed. However, in addition to lithium, there is another problem that we do not think about …

The electric car is not just lithium, although this is the hottest topic of discussion.  In addition, there are other essential components that do not get into heated debate and seem to be neglected.
After the many concerns raised about lithium, now, there are experts warning of a lithium deficiency copper An essential component found in batteries and solar panels.

Analysts anticipate copper shortages and issue warnings about electrophoresis
Of course, due to its importance to the technology and construction sector, copper is a subject of study, and there are already findings indicating an imbalance between supply and demand for the metal over time.

For example, McKinsey & Co. concluded that at the beginning of the next decade, the supply of copper would not be sufficient.  Specifically, the consultancy forecasts that annual demand will increase to 36.6 million metric tons by 2031, while supply will stabilize at around 30.1.
In addition to the strategic consulting giant, also the multinational company Anglo American, which is involved in a mining project in one of the largest reserves in Peru, fee The same problem.  The company has estimated that from 2030 onwards, the sector will face a copper supply-demand deficit of 4.7 million tons per annum.

In order to balance the market, calculations indicate that it will be necessary to invest more than 100 billion dollars in the construction of mines.

We are already seeing a huge copper shortfall by 2030...

Robin Griffin, vice president of Wood Mackenzie Metals and Mining, echoed Robert Edwards.  The CRU analyst warned that “the market is very tight” and that “on paper, there is a huge supply gap over the next 10 years.”
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