The market for electric mobility is no longer a niche market
Long-term growth is expected for electric vehicles. It is true that worldwide car sales have fallen during the pandemic. However, sales figures in the field of electromobility have remained remarkably resilient, according to a McKinsey study. More than two million electric vehicles were sold in 2019.
One of the striking trends that have been identified is that the market for electromobility in Europe and China is recovering faster than in the USA. There have been changes in emission regulations and there are more incentives to buy electric vehicles. This is also the case in Germany, where the state environmental bonus is up to 9,000 euros. Sales are expected to double in 2020. In July, for example, sales in Germany and France have quadrupled compared to July 2019.
According to McKinsey, around 1.2 million electric vehicles were sold in China last year. This is because China's government is subsidizing buyers and expanding the infrastructure for charging stations. Among the raw materials used in the automotive industry are zinc (corrosion protection) and copper (especially in electric cars). In the ground, companies like Copper Mountain Mining and Osisko Metals have these important materials.
Osisko Metals owns major zinc mining camps (Pine Point Mining Camp, Bathurst Mining Camp) in Canada. Pine Point covers more than 46,000 hectares, making it the ninth largest property in the world and will be able to supply zinc and lead.
Copper Mountain Mining holds a 75 percent interest in the producing Copper Mountain Mine in British Columbia. Copper production is expected to increase to 120 million pounds of copper equivalent in the next few years. The company also owns the Eva copper project in Australia.
Recent corporate news and press releases from Osisko Metals (https://www.resource-capital.ch/en/companies/osisko-metals-inc/) and Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) .
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