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Georgian Mining Corp

Growing EV Infrastructure To Drive Copper Demand For Decades

Growing fears of a global economic slowdown continue to weigh on the copper demand, but one research firm sees potential growth as demand grows for electrical vehicles.

Although electrical vehicles (EV) demand more copper, Henry Salsibury, research analyst at Wood Mackenzie, noted that the potential infrastructure growth is a bullish factor for the base metal.

In a report released Monday, Salsibury said that more than 20 million electric vehicle charging stations are expected to be deployed globally by 20230, consuming 250% more copper compared to 2019.

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.

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