Electric Vehicles Research
Jan 19, 2024
Removing Rare-Earths Drives Demand for Copper in EV Motors
Electric motors are a core component of electrification in the automotive market. The market has heavily relied on rare earths for the permanent magnets used in these motors, but, as many will be aware, there is a drive to eliminate these rare earths due to their price volatility and environmental impact. Alternative motor technologies can often present a new and increased demand for copper.