Electric vehicles (EVs) typically require significantly more copper than conventional internal combustion engine vehicles. On average, an EV can use about three to four times more copper than a traditional vehicle, primarily due to the following factors: 1. Electric Motors: EVs use electric motors instead of engines, which require more copper for windings. 2. Batteries: The battery packs in EVs, especially lithium-ion batteries, have copper components fo...
Inflation usually helps gold prices rise, but the prospect of an interest rate hike reduces the investment appeal of gold because it pushes up Treasury yields, thus reducing investor interest in assets such as gold that do not offer a fixed rate of return. Gold futures for February delivery fell $35.90, or 2 percent, to close at $1,789.20 an ounce on the New York Mercantile Exchange. The futures price closed 0.6 percent higher on Wednesday.$Gold (LIST2110.US)$$Gold Concept (LIST0309.SH)$
1. Electric Motors: EVs use electric motors instead of engines, which require more copper for windings.
2. Batteries: The battery packs in EVs, especially lithium-ion batteries, have copper components fo...
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Gold futures for February delivery fell $35.90, or 2 percent, to close at $1,789.20 an ounce on the New York Mercantile Exchange. The futures price closed 0.6 percent higher on Wednesday. $Gold (LIST2110.US)$ $Gold Concept (LIST0309.SH)$
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