Electromobility advances, despite semiconductor crisis

The situation is expected to be similar in the current year. In addition, the earthquake in Japan is exacerbating the parts shortage in the automotive sector. Important suppliers who manufacture microcontroller chips are affected. This should not dampen the success of electric vehicles. After all, electric cars are becoming increasingly popular, especially in times of extremely high fuel prices like now. If last year saw a significant increase in global sales of electrically powered cars compared with previous years – sales doubled compared with 2020 – this year should also be dominated by electromobility. While around 4.2 percent of vehicles on the roads in 2020 were electrically powered, this figure had already risen to 8.3 percent by 2021.

Raw materials are needed for the new mobility, especially copper. An electric car contains around three times as much copper as a conventional vehicle. In addition, copper is needed for the generation of electricity from renewable energies and also for the development of the infrastructure. Copper is one of the crucial metals that are indispensable for electrification and digitalization and also for automation. If the performance of electric vehicles is to be increased, more small electric motors will also be needed, which will further fuel copper consumption. According to estimates, around 19 percent of vehicles will be electric or plug-in hybrid cars by 2030. For 2040, that number is expected to rise to 72 percent. Copper in the projects should therefore be worthwhile for companies such as Hannan Metals or Kutcho Copper.

Hannan Metals – https://www.youtube.com/watch?v=EPhvb6QGDXs – is active in Peru. The company looks after the San Martin copper-silver project there and the Valiente copper-gold porphyry project some 300 kilometers away.

Kutcho Copper – https://www.youtube.com/watch?v=iZv_IpazXGM – already has a positive feasibility study for its prospective Kutcho copper-zinc project in British Columbia.

Current corporate information and press releases from Kutcho Copper (- https://www.resource-capital.ch/en/companies/kutcho-copper-corp/ -) and Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -).

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