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Copper for a Clean Future
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An average size EV can use as much as three and a half times as much copper as an internal combustion engine (ICE). While buses and trucks bump that number up to 11 or 16 times more copper.
Making the Transition to Clean Copper Mining
Lowering carbon output through alternative energy sources has become a top priority around the world, particularly in the transportation sector. As an ESG-mandated company, we’re confident that our Caledonia Copper Project will be part of a carbon-neutral solution to help supply a market struggling to keep up with increasing demand.
In fact, experts estimate the copper market to experience a copper shortfall of as much as 489,000 tons in 2024, and rising to 510,000 tons in 2027.
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Production of EVs has exploded, with western countries rushing to the goal of ending the sales of conventional ICE cars. Here are the current projections according to a report from the Internal Council on Clean Transportation.
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As of today, there is no viable alternatives to copper. Some may point to aluminum because it is lighter and almost three times cheaper. However, there is a big problem. An aluminum cable needs to have a cross-sectional area that is double the size of any copper equivalent to conduct the same amount of electricity.
What’s more aluminum will wear and break down more readily when subjected to bending and other forms of abuse than copper, which is more pliable. Wear, over time, causes the wire to break down internally and will progressively resist electrical current, causing a build-up of excessive heat. This delivers an even more powerful reason for optimism in our Caledonia Project.
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