The future is electric
Since its inception, the automotive sector has undergone the greatest changes ever. There are still uncertainties as to how fast electric mobility will develop. With regard to the range, charging stations, subsidies or residual values of the vehicles, much of what the future holds is still unclear. Autonomous driving makes the whole thing even more complex. With the name of its Golf-like ID.3, VW shows how important the vehicle is. Number one was the Beetle and number two was the Golf. The new all-electric model ID.3 is thus intended to herald the future.
When the strict new EU CO2 emission rules come into force next year, it will not be easy for car manufacturers. This is because the target of 95 grams of CO2 per kilometre is to be achieved. The average EU value today is more than 120 grams of CO2 per kilometre.
There are countries, such as Norway, which will completely ban vehicles with internal combustion engines from 2025. Sales of electric vehicles are still low compared to total sales. Estimates nevertheless assume that by 2025 about ten percent and by 2030 far more than 20 percent of electric cars will be sold, based on the total sales volume.
A rapidly increasing acceptance of electric vehicles is expected. If the sales figures increase, then certain raw materials such as copper or lithium will be needed more. Because electric cars consume more copper than a conventional vehicle. Copper companies such as Copper Mountain Mining will be delighted. The Company has a 75 percent interest in the Copper Mountain Mine in British Columbia - https://www.commodity-tv.net/c/search_adv/?v=298887, which produced 22.1 million pounds of copper equivalent in the second quarter of 2019.
Electric vehicles need raw materials such as lithium for the batteries. Millennial Lithium - https://www.commodity-tv.net/c/search_adv/?v=299276- owns it on its advanced Pastos Grandes Lithium project in Argentina. The feasibility study is very positive, a pilot plant is under construction.
Current company information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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