What Doctor Copper Says About EVs and Infrastructure Spending
The outlook for copper demand speaks to our EV Transition and Rebuilding America themes
We recently had the opportunity to speak with Darryl Jones, the CEO of mineral exploration company Alpha Copper (ALCUF) and he pointed out, the shift to EVs as well as the impact of the Biden Infrastructure Law will be demand drivers for copper. Roughly $201 billion in spending tied to the Biden Infrastructure Law is expected to drive demand for copper while the number of EVs expected to hit the road grows to 20.6 million by 2025 up from 6.6 million in 2021 according to Bloomberg NEF. Moreover, EVs can use up to three and a half times the amount of copper compared to an internal combustion engine. Those and other insights about these two demand drivers are reaffirming signals for our EV Transition and Rebuilding America investment themes and models.
In addition to that conversation, below are recent signals that add another layer of confirmation for both EV Transition and Rebuilding America.
Note: This conversation with Alpha Copper is informational and is not investment advice.
EV Transition
Capturing the transition to EVs and related infrastructure from combustion engine vehicles.
U.S. EPA expected to propose electric cars be eligible for renewable fuel credits
Here are nearly 150 EVs, plug-in hybrids headed to U.S. dealerships through 2026
BYD widens its presence in Europe by selling 100K EVs to German rental company SIXT
Federal money is now headed to states for building up fast EV chargers on highways
ChargePoint launches CP6000 charger to help businesses transitioning to EVs
Rebuilding America
Turning the focused spending on rebuilding US infrastructure into revenue and profits:
Here are some projects getting money from Biden’s infrastructure law
USDOT to expand financing program for infrastructure projects
EPA Awards $1.3B for Water Infrastructure Projects in 18 States