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Cochilco: Global Copper Usage Up To 30% By 2034
Dec 19, 2017

According to the Cochilco report, global demand for copper will reach 29.4 million tons by 2034, up 30% from 2016, driven by such initiatives as electric vehicles and infrastructure construction. It is estimated that the number of electric vehicles will increase from 3 million to 27 million by 2027, which will increase the quantity of copper used by electric vehicles from 185,000 tons to 1.7 million tons.

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