May 22, 2017

EV acceleration bodes well for metals demand

(22 May 2017)

UBS has lifted its global 2025 EV sales forecast by around 60% to around 15 million vehicles, or 14% of global car sales. It’s not just lithium that will benefit from growing EV sales, as Glencore CEO Ivan Glasenberg noted last week. If EV rates reach 52 million by 2025, metal demand numbers would grow to 1.65 million tonnes of copper and 210,000t of nickel.

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