While demand has yet to catch up with supply in the current market environment, automotive manufacturers are already anticipating that electric vehicle (EV) demand will rise in the future, which could drive copper prices even higher. Automotive manufacturers are already in a pinch when it comes to selling EVs. As mentioned, demand is outpacing supply, leading to a glut of EVs that simply can’t compete with the lower price point of gas-powered vehicles. Realizing that in order to make them more marketable, auto manufacturers will need to bring down prices of EVs to compete with their petrol-powered counterparts. That ... (full story)