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Трейдер на фондовой бирже во Франкфурте-на-Майне. 5 июня 2012 года. Европейские фондовые рынки растут за счет ожиданий новых стимулирующих мер Европейского центробанка. REUTERS/Alex Domanski

Glencore Chief executive officer states electric vehicle boom coming quicker than expected

Glencore (LON:GLEN) (OTCPK:GLCNF, OTCPK:GLNCY) Chief executive officer Ivan Glasenberg states an upswing of electrical cars will considerably boost interest in minerals including copper and lithium within the coming decades.

Electric vehicles want more copper wiring than standard car engines for instance, battery within an electric vehicle contains ~38 kg of copper, 11 kg of cobalt and 11 kg of nickel, and Glasenberg states individuals materials, together with maganese, are in position to take advantage of more interest in planet.

European sales of other fuel vehicles, including fully planet and hybrid vehicles, leaped 36% Y/Y during Q1 to greater than 235K.

Now read: Best Three Cobalt Miners To Amass

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