Business
Why ASX 200 copper shares are eyeing ultracheap Chinese EVs
S&P/ASX 200 Index (ASX: XJO) copper shares will be among those to enjoy a healthy tailwind as the growth of global electric vehicle (EV) adoption picks up pace.
That’s because copper, thanks to its high conductivity, is one of the key metals used in the batteries that give EVs their power. As EV numbers balloon, so too should the demand for copper.
Living in Australia, it’s easy to overlook the reality that EVs are set to replace combustion engine vehicles over the next few decades. Australia, to date, has amongst the lowest levels of EVs on the road per capita of any developed nation.
Part of Aussies’ reluctance to give up their good old…
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