I've read there isn't enough copper in the world to rig up the third world for EVs, as it happens.
Metal Stocks and Sustainability.
Investing in the Copper Market.
$this->bbcode_second_pass_quote('', 'Q')uite simply, the world supply is running critically low.
As the world's third most widely used metal, copper is an important element in global industrial development and is considered a barometer of economic expansion. So although copper is neither a precious metal nor an energy source, it is inarguably one of the most important commodities in today's world.
Copper Fact
To give you an idea of just how much copper is needed for industrialization…
There are 18,161 lbs. of copper in a single power transformer. Each transformer has six copper windings which, if you were to lay end to end, would give you 110, 029 feet or 20.84 miles of copper.
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www.dmepower.comEntire infrastructures are based on this reddish metal… plumbing, construction, telecommunications, transportation. Consider the exponential growth in areas such as China and India, and it becomes evident why copper prices are increasing and why the world is experiencing this shortage.
Unfortunately for these regions, copper supply has been unable to keep up with demand since 2002, resulting in a supply/demand imbalance.