Markets

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 – https://www.rohstoff-tv.com/play/osisko-metals-ausgezeicher-basismetall-explorer-in-kanada/ – 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 – https://www.rohstoff-tv.com/play/mining-newsflash-mit-copper-mountain-mining-karora-resources-und-canada-nickel/ – 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 (- https://www.resource-capital.ch/de/unternehmen/osisko-metals-inc/ -) and Copper Mountain Mining (- https://www.resource-capital.ch/de/unternehmen/copper-mountain-mining-corp/ -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make errors, particularly with regard to figures and rates. The information contained here comes from sources that are believed to be reliable, but do not claim to be correct or complete. Due to court judgments, the content of linked external sites is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as there is no express distancing from them. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Personal-Financial.com AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable as being posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close