Electromobility and building energy need copper

A new market study shows that discounts for new cars are on the rise (CAR). This applies to internal combustion vehicles, but also, and especially in the near future, to electric cars. Cheaper prices and more available used electric cars will additionally drive e-mobility. According to a survey by energy supplier EON, 71 percent of respondents believe the switch to electromobility is necessary to achieve climate targets. To achieve better air quality in cities, reducing emissions caused by buildings is another important aspect. This is because cities cause around half of carbon dioxide emissions. And cities are responsible for around 70 to 80 percent of the EU’s total energy consumption.

The turnaround in building energy, like the turnaround in mobility, is closely linked to copper as a raw material. The production, use and distribution of renewable energies only works with the help of copper. In heat pumps or solar thermal systems, copper ensures greater efficiency. Copper lines distribute energy from the sun, wind and water. Battery storage and control electronics also need the reddish metal. Copper can also be recycled endlessly without any loss of quality. The International Copper Study Group is forecasting weaker copper production this year, and thus a deficit. Although two mines in the important copper country of Chile will expand their production, it is well known that there are often problems in Chile which then cause the copper supply to become scarce.

For example, Torq Resources – https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ – has copper in the ground (along with gold) in prospective projects in Chile.

Aurania Resources‘ – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ – The Lost Cities project is located in Ecuador. It contains copper and gold. The results of the 2023 exploration program are eagerly awaited.

Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -) and Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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