$8 trillion alternative energy boom is a win for copper

Global copper consumption is poised to increase not just because electricity demand is growing. New energy technologies typically require more of the red metal than traditional sources. Each megawatt of wind power capacity, for instance, uses an average of 3.6 tonnes of copper. Electric trolleys, buses and subway cars use about 2,300 pounds of copper apiece. Where we’ll see the most significant growth, though, is in the production of hybrid and electric cars, which use two to three times more copper than internal combustion engines.

Read more at http://www.stockhouse.com/opinion/independent-reports/2015/06/29/$8-trillion-alternative-energy-boom-win-for-copper#8orhA3iMLwJLomCr.99