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There are approximately 2 ounces of silver and more than 100 kg of copper in an electrical vehicle like Tesla, stated Gianni Kovacevic, Chief Executive Officer of CopperBank.
Kovacevic said that it is unlikely auto suppliers have actually been trying to suppress the costs of silver as well as copper.
" When it comes to electric automobile makers having some type of a cabal to reduce the price of silver, I don't buy right into that. It's a product, it does have some monetary features, which is special to itself, yet there's going to be a lot of demand for silver," he stated, including that silver is mosting likely to be more scarce. "I would claim that you're not mosting likely to be betting versus it."
According to the Silver Institute, battery electric automobiles (BEVs) take in 0.8-1.6 oz (25-50g) of silver.
0:00 – Electric automobiles and metals
11:59 – Alternative to copper?
17:02 – Renewable resource expenses
20:00 – Oil and also copper
21:54 – Approved copper advancement jobs
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How much silver and copper are in a Tesla? Why Elon Musk and Jeff Bezos needs metals
There are roughly 2 ounces of silver and more than 100 kg of copper in an electric vehicle like Tesla, said Gianni Kovacevic, CEO of CopperBank.
Kovacevic said that it is unlikely automobile manufacturers have been trying to suppress the prices of silver and copper.
“As for electric vehicle manufacturers having some sort of a cabal to suppress the price of silver, I don’t buy into that. It’s a commodity, it does have some monetary features, which is unique to itself, but there’s going to be a lot of demand for silver,” he said, adding that silver is going to be more scarce. “I would say that you’re not going to be betting against it.”
According to the Silver Institute, battery electric vehicles (BEVs) consume 0.8-1.6oz (25-50g) of silver.
0:00 - Electric vehicles and metals
11:59 - Substitutes for copper?
17:02 - Renewable energy costs
20:00 - Oil and copper
21:54 - Approved copper development projects
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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