Morgan Sherburne of The University of Michigan writes on the coming copper shortfall.
- A normal Honda Accord needs about 40 pounds of copper, while an electric Accord needs almost 200 pounds of copper.
- A study from the University of Michigan found that to meet growing EV demand, the world will need to bring six new large copper mines online annually over the next several decades.
- Unless reformed, inefficient permitting will delay or prevent these mines from coming online, which will hamstring our ability to meet rising demand.
“The shortfall is in part because of the permitting process for mining companies. The average time between discovering a new copper mineral deposit and getting a permit to build a mine is about 20 years, according to Simon.”
Read the full article here.
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