Copper use in automotive wire harness will continue to grow according to new research commissioned by the International Copper Association (ICA). The research, conducted by Martec Group, found that the average weight of copper use per vehicle in automotive wire harnesses increased from 11.0 kg in 2016 to 12.6 kg in 2019.
Increase in copper weight used in vehicle wire harnesses
Global average copper weight per vehicle has gone up from 11.0kg to 12.6kg from 2016 to 2019, an overall growth of 9.4%
• Driven primarily by electrification implementation and larger vehicles,
such as pickup trucks, SUVs, and fullsized vans
• Developing countries/regions (China, South Asia, South America) have seen the most growth in copper demand… and this will likely continue to be the trend
Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.