CSE | STGX | | CSE Listing ↗

Autonomous driving boosts copper use in cars – report finds “minimal” substitution

Originally posted on Mining.com


New research commissioned by the International Copper Association (ICA) reveals demand for copper in the wire harness in the light-duty automotive industry is expected to grow to more than 1.7 million annual tonnes of copper by 2025, a 14% increase from today’s levels.

New technologies in battery electric and hybrid vehicles and autonomous driving systems are expected to add an annual 344,000 tonnes of demand over the next decade.  

The shift to autonomous driving is expected to increase a vehicle’s copper content by around 2kg (4.5lb) as copper’s conductivity (second only to that of silver) makes it the ideal material for the high-speed data wires needed for cameras, short-range and long-range radar, lidar and sensors for advanced driver assistance systems. 

The research, conducted by Martec Group, found that while some original equipment manufacturers and suppliers are testing aluminum in place of copper in the wire harness, the overall level of substitution will remain minimal.

Trends toward fuel economy regulation, weight reduction and miniaturisation are expected to drive demand for copper in favour of aluminum, which has roughly 60% of the conductivity of copper.  Martec points out that aluminum bus bars are a threat to copper wire harnesses within the battery pack, “but still have plenty of downfalls compared to the reliability of copper.”

The contribution of EVs to overall demand will rise to 36% through 2032 while SUVs share of demand will average 1.1 million tonnes per year between 2022 and 2032, based on copper weight per unit and production forecast volumes.  

Martec: Automotive Wire Harness Market Assessment 2022

About StrategX

StrategX is a Canadian-based exploration company focused on discovering energy transition metals in northern Canada. With five strategic projects situated on the East Arm of the Great Slave Lake, Northwest Territories, and the Melville Peninsula, Nunavut, we’re leading discovery in untapped regions. This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for critical metals essential for the global green energy shift. For updates and the latest insights, explore our Investor Portal.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.

 

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director


For further information, please contact:

StrategX Elements Corp.
Email: info@strategXcorp.com
Phone: 604-379-5515

For further information about the Company, please visit our website at www.strategXcorp.com

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Share the Post:

Related Posts