Critical Minerals Technology lead the way as the Canadian Government notes the importance of these minerals as the EV revolution continues to grow.
Copper Demand by Source
Source: GFMS Copper Survey 2015
There’s about 65 pounds (30 kilograms) of Copper in the average car, and more than 400 pounds go into a single-family home.
To put in perspective just how massive that shortage would be, consider that in 2021 the global deficit came in at 441,000 tons, equivalent to less than 2% of demand for the refined metal, according to the International Copper Study Group. That was enough to send prices jumping about 25% that year.
– BNN Bloomberg
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