International Energy Forum Report Details EV Copper Hurdles
Generation Mining Limited (TSX:GENM, OTCQB: GENMF) welcomes the recent report by the International Energy Forum (“IEF”) entitled “Copper Mining and Vehicle Electrification”, which states that the world will not be able to produce enough copper to transition to 100% electric vehicle production by 2035 – the target of many governments around the world.
- Generation Mining Limited (TSX:GENM, OTCQB: GENMF) welcomes the recent report by the International Energy Forum (“IEF”) entitled “Copper Mining and Vehicle Electrification”, which states that the world will not be able to produce enough copper to transition to 100% electric vehicle production by 2035 – the target of many governments around the world.
- This IEF report (the “Report”) goes on to state that “Policymakers might consider changing the vehicle electrification goal from 100% EV to 100% hybrid manufacture by 2035.
- Copper demand for EV manufacture could increase the price of copper very substantially and significantly impede the advance of less developed areas.
- The non-profit International Energy Forum is the world's largest international organization of energy ministers from 73 countries and includes both producing and consuming nations.