High copper prices pose significant challenges for automakers but there are some potential strategies to mitigate the impact of copper price volatility.
Via Metal Miner The Automotive MMI Monthly Metals Index continued to rise month-over-month, this time increasing by 3.04%. Aluminum and platinum prices rose significantly, which pulled the index up and provided significant bullish price action. Meanwhile, copper prices also added some bullish sentiment to the index, though not quite as much as in May.
Why Copper Demand Might Not Be as High as People Think Although the EV industry could result in an increased demand for copper, a number of variables might temper this view. For instance, new developments in material science may result in the creation of copper substitutes, lowering dependency on this copper and bringing down copper prices and demand. In addition, recessions or changes in consumer preferences away from EVs may curb the predicted spike in copper consumption.
Automotive Industry Electric Vehicles Supply Chain Manufacturing Demand Market Trends Price Volatility Cost Analysis Metal Market
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