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Georgian Mining Corp

Copper And Electric Cars: Why The Metal Is Essential To EV Technology?

Copper is durable, highly conductive, efficient, plastic, resistant to corrosion, convenient for use in various alloys, relatively easy to mine. It’s applied for production of electrical wiring, rechargeable batteries and electric motors in cars.

How much copper do vehicles have?
Conventional ICE-powered cars have 18-49 pounds;
Hybrid electric vehicles (HEV) use approx. 85 pounds;
Plug-in hybrid electric vehicles (PHEV) contain 132 pounds;
Battery electric vehicles (BEVs) have 183 pounds;
Hybrid electric buses use 196 pounds;
Battery electric buses contain 814 pounds, mostly in the battery.

Georgian Mining Corporation (LON:GEO) has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.