Global central banks are very likely to continue to maintain the current ultra-loose monetary and fiscal policies, and the US dollar is expected to remain weak. Fundamentally, the supply of copper concentrate is hard to say, and the demand side is abundant. At present, China has been very successful in controlling the COVID-19 epidemic, and the new energy and infrastructure fields will continue to stimulate demand for copper. However, due to the current negative impact, the overall outlook is neutral. At present, copper prices will rebound, but the increase will not be too large, and it will still be because of lower prices. However, we must be firm and optimistic about copper prices in the long term. The next 10 years will be a period of new energy revolution. New energy vehicles, photovoltaics and other electricity are inseparable from copper. Copper is the best conductor after gold and silver. The motors of new energy vehicles are all made of copper. A new energy vehicle requires nearly 200 kilograms of copper. In the past, it was estimated that fuel vehicles only required about 10-20 kilograms.

If there are 100 million new energy vehicles in the future, how much copper do you think they will need?