Visualizing the Growing Demand for Nickel and Copper

By Visual Capitalist

Nickel and copper play a vital role in a clean energy future, as both metals are used in many new technologies like EV batteries, solar panels, and wind turbines.

According to the International Energy Agency (IEA), an average EV can contain around 53kg of copper compared to 22kg in a combustion vehicle. As a result, copper demand for EV batteries alone is expected to jump from 210,000 tonnes in 2020 to 1.8 million tonnes in 2030.