Bachelor Thesis Resource Management in Electromobility: Case Study on Copper
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Date
2020-06-07
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German Mongolian Institute for Resouce and Technology
Abstract
Electromobility is expanding in a rapid pace as it was considered a potential solution to reducing environmental pollution and oil shortage issues. Every type of electric mobility, such as Battery Electric Vehicles, Plug-In Hybrid Electric Vehicles, Hybrid Electric Vehicles rely on critical mineral resources heavily. Raw materials such as lithium, cobalt, copper, rare earth elements are crucial to the production of electric vehicles. Copper is one of the priority elements that are essential to electromobility technology. While copper is used throughout electric vehicles, charging stations and supporting infrastructure because of the metal’s durability, high conductivity, and efficiency, it has the largest impact on the environment regarding CO2 loading. This study shows various scenarios of the electric mobility technology types and forecast of future electric mobility demand worldwide by 2030 to estimate the demand of copper that is associated with electric mobility. Bass diffusion model which is used to predict the demand of newly introduced products was chosen as our main prediction tool. An analogous prediction of variables in the Bass diffusion model. In total, in year 2030, total demand for copper for electric mobility in general (all three types of vehicles) under the pessimistic, neutral, optimistic scenarios are 5Mt, 10Mt, 20Mt respectively. It is obvious that there are no temporary shortages that will be occurred because of the lack of resources, but the production supply might face excess demand or shortage.