Entering text into the input field will update the search result below

Electric Vehicles Give Dr. Copper A Facelift

Oct. 01, 2021 9:30 AM ETFQVLF, SCCO, COPX, FM:CA8 Comments
William Blair profile picture
William Blair


  • China has been building public charging stations at a very fast pace, with Chinese public charging stations growing 55% year-over-year in 2020.
  • An EV contains three to five times more copper than a conventional vehicle.
  • Mining is perceived to have negative environmental consequences.

Electric Car Charging At Power Station

peterschreiber.media/iStock via Getty Images

Demand drivers stemming from electric vehicles (EVs), as we previously explained, could impact the utilization of several metals and the emerging markets (EMS) from which they are sourced - and EV infrastructure is a secondary demand driver.

This article was written by

William Blair profile picture
William Blair is committed to building enduring relationships with our clients and providing expertise and solutions to meet their evolving needs. We work closely with the most sophisticated investors globally across institutional and intermediary channels. We are 100% active-employee-owned with broad-based ownership. Our investment teams are solely focused on active management and employ disciplined, analytical research processes across a wide range of strategies. We are based in Chicago with resources in New York, London, Zurich, Sydney, Stockholm, and The Hague, and dedicated coverage for Canada.

Recommended For You

Comments (8)

Jim Wallingford profile picture
Capstone Mining (CSFFF, CS.to) is an interesting play on copper with 6 month production of 91 million lbs. Strong first half cash flow, positive net income. Yes, you're correct, I own this.
Good article but it would be a lot more complete if the author included copper usage in solar panels and wind turbines. The latter use many tons each, especially large offshore machines, and there are plans to build dozens of offshore farms in China, Europe and U.S. east coast.
TheOldHand profile picture
@Energex Offshore turbines need considerable copper and plans abound to build them.
Excellent commentary.
Avery Coleman profile picture
Great article. Kind of sparse environmental impact section.
Agbug profile picture
Agree completely. EV's and the related chargers and wiring necessary to get the power to them will ensure copper demand going forward. Yes, there are substitutes, but at some point in the electrical path there will be copper.

Rio's issues with the AZ mine approval exemplify how difficult sourcing of supply can be. Have a small position in $COPX as single mining companies are such a difficult horse to choose.
@Agbug agreed
TheOldHand profile picture
sourcing of supply, always an important factor to consider. Sometimes "jobs, jobs, jobs" is a winning argument, other times "money to the government". But it is always necessary to "keep the locals happy" if you want production to proceed smothly.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.