Innovation in EVs is considered as limiting the future rise of copper demand.
The efficiency of new electric vehicles from Tesla and others is being increased by reducing copper usage.
according to industry observers, alterations to the next generation of EVs' content may limit the expansion of the metal's demand.
the rapid increase in EV sales, driven by expansion in China.
It implies that the demand for copper will increase for the rest of the decade, but EV innovation has become a limiting factor.
Due in part to the wiring required for electric cars, copper has been viewed as a green energy transition bet.
EVs can consume up to 80 kg (176 pounds) of copper, which is four times more than is typically used in a combustion engine.
According to Goldman Sachs, two-thirds of the increase in copper consumption worldwide last year was attributable to EVs.