Electric cars to reshape copper and oil demand – Mining.com

Mining.com reports that, according to Bloomberg New Energy Finance, electric vehicles (EVs) could displace 2 million barrels a day of oil demand as early as 2023. “That would create a glut of oil equivalent to what triggered the 2014 oil crisis.” At the same time, 140 million EVs will boost copper demand to 11 million tonnes, with new demand equal to more than 1/3 of current copper demand.

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