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
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