The market for electromobility is no longer a niche market

McKinsey & Company has determined that the Covid 19 crisis has not slowed the development of electric mobility.

Long-term growth is expected for electric vehicles. It is true that global car sales fell during the pandemic. In the e-mobility space, however, sales have remained remarkably resilient, according to a McKinsey study. More than two million electric vehicles were sold in 2019.

One of the noticeable trends found is that the electric mobility market is recovering faster in Europe and China than in the US. There have been changes to emissions regulations and there are more incentives to buy electric vehicles. This is also the case in Germany, where the state environmental bonus is up to 9,000 euros. Sales are expected to double in 2020. In July, for example, sales in Germany and France quadrupled compared to sales in July 2019.

In China, around 1.2 million electric vehicles were sold last year, according to McKinsey. Because the Chinese government gives subsidies for buyers, is expanding the infrastructure for the charging stations. Zinc (corrosion protection) and copper (especially in electric cars) are among the raw materials used in the automotive industry. Companies like Copper Mountain Mining and Osisko Metals have these important substances in the ground.

Osisko Metals – – Has important zinc mining camps (Pine Point Mining Camp, Bathurst Mining Camp) in Canada. Pine Point covers more than 46,000 hectares making it the ninth largest property in the world and will be able to supply zinc and lead.

Copper Mountain Mining – – has a 75 percent stake in the producing Copper Mountain Mine in British Columbia. Copper production is expected to rise to 120 million pounds of copper equivalent in the next few years. The company also owns the Eva copper project in Australia.

Current company information and press releases from Osisko Metals (- -) and Copper Mountain Mining (- -).

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