Welcome to Tacofer | buying and selling ferrous and non-ferrous metals HOME WHO WE ARE WHAT DO WE DO CERTIFICATIONS INDUSTRY NEWS CONTACTS 23 Mag Let'S Prepare For A Shortage Of Copper And Cobalt For Batteries Uncategorized , May 23, 2019 Concerns are growing in Tesla about the supply of metal for batteries. Especially for the lack of copper and cobalt. From Tesla it has recently leaked the fear of a shortage of nickel, copper and other metals used in batteries for electric cars. An urgent, closed-door meeting on the subject involved mining companies, lawmakers and Tesla executives . According to Reuters , the problem is on the horizon but concerns are not yet for the short term. Certainly, no one doubts that some metals indispensable for electric cars may become a huge problem for manufacturers in the coming years . COPPER DEFICIENCY FOR MILLIONS OF ELECTRIC VEHICLES? Copper, for example, is one of these metals. In fact, it is used in significant quantities in electric vehicles, especially in the engine. An amount twice as high as that used in internal combustion engines. With millions of electric vehicles set to roll on the streets of the future, it's easy to see why a copper shortage would become a giant problem. But this isn't just about electric cars. Devices like the Alexa ( Apple) or Nest ( Alphabet ) smart thermostat also use copper in abundance. For these two products alone, it is estimated that copper demand will increase from 38,000 tons today to 1.5 million tons in 2030. IT WILL TAKE DECADES TO ACTIVATE NEW MINES At the same time, copper mining is suffering from a lack of investment . This means that no projects are being funded to search for new deposits or to put new mines into operation. If demand for the metal grows rapidly, supply will fail to keep up for decades. To make matters worse is the problem of ethical extraction, which mainly concerns cobalt . Most of the cobalt comes from the Democratic Republic of the Congo , a country known for exploiting child labor and illegal mining. By giving up all this metal, Western battery manufacturers will find themselves in big trouble. CLIMBING OF IRON ORE WITH RECORD PRICES WEALTH OF WESTERN AUSTRALIA: GOLD AND IRON MENU Home Who we are What do we do Certifications Industry news Contacts SECTOR NEWS It is holding back growth in India and China. Gray prospects for iron! September 24, 2019 iron ore climb with record prices June 28, 2019 Prepare for a copper and cobalt shortage for batteries May 23, 2019 ITEM CATEGORIES Uncategorized Tacofer Srl is a company that operates in the ferrous and non-ferrous metals sector in the province of Brescia. A young and dynamic realitybut still strong of the experience gained by its partners in the sector. Privacy Policy Cookie Policy CONTACTS via Donizetti, 2/4, 25030 Mairano (Bs) Tel / Fax: 030.9719945 Email: info@tacofer.com VAT number: 03631840984 CONTACT US RECENT ARTICLES It is holding back growth in India and China. Gray prospects for iron! September 24, 2019 iron ore climb with record prices June 28, 2019 Prepare for a copper and cobalt shortage for batteries May 23, 2019 Riches of Western Australia: Gold and Iron May 16, 2019 HOW IS THE GOLD CAVING THIS YEAR? April 11, 2019 MENU Home Who we are What do we do Certifications Industry news Contacts 2016 © Tacofer srl | Powered by BtwoB We use cookies to make sure you can have the best experience on our website.I accept Read more