Shanghai November 22, 2019 / PRNewswire / – – During 2019, copper week in Asia, hosted by the International Copper Association technical workshop on the afternoon of November 21, 2008 at Grand Hyatt Shanghai . Seminar, technology and market experts from home and abroad copper industry chain and research institutions, to discuss the opportunities and challenges facing the copper in key end applications, as well as how the copper industry will help future sustainable development process.
Transport is one of the important copper terminal application market. China’s economic development in recent years has accelerated the urbanization process, and led to the transportation infrastructure. A substantial increase in income and industrial and commercial development of logistics and transport system also put forward higher requirements. At the event, supported by the International Copper Association, the company completed a new study Brilliance Consulting pointed out that with China’s future continues to move towards electrification of transport, interconnected and green development of the times, the overall demand for copper in this area or will be increase. Since
In 2009, due to increased transport demand, change the mode of transportation and the impact of scientific and technological progress, more and more copper materials are used in the field of transportation equipment and infrastructure. The most representative is the recent rapid development of high-speed rail, urban rail transport and electric vehicles. 2018 Chinese copper demand in this area is about 1.75 million tons, the largest market segment for the automotive and road transport, copper demand is about 610,000 tons. Followed by trains and rail transport, copper demand is about 43 million tons.
The latest research report shows that the future of China’s transportation industry will show electrification, intelligent, interconnected, sharing and five green trends, which electrified, interconnected and green three major directions is expected to further increase copper demand in the field. To further meet emissions requirements, more and more car by electric drive, in turn, requires more copper material used to make the key components such as a battery and a motor therein, and a supporting construction of charging infrastructure. At the same time people’s safety and environmental protection and higher requirements, but also means that outstanding performance and is capable of 100 percent recovery of copper material will be more widely used in all types of transportation equipment.
In addition, more new technology and new products will be applied to the field of transportation, it has an important impact on the application of copper in the coming decades this area. For example, the introduction of copper rotor in an electric vehicle motors, all electrified passenger trains, and lithium ion batteries replace lead-acid batteries in electric bicycle, both will bring new growth of copper. According to the study’s baseline analysis estimated that copper demand in China in the field of transportation will reach 2.42 million tons in 2025 or 2030 or will reach 3.31 million tons.
technical seminars during the International Copper Association also shared another study performed by the Fraunhofer ISI company, the report shows the future by increasing the amount of copper to produce a large number of products as scrap, recycling It will remain an important issue around the world. Colin Bennett, director of global market information International Copper Association, said, “recycling economy requires more efficient use of raw materials and increase the reuse and recycling of materials. Copper is itself recyclable materials used, copper processed again in the quality and performance without any loss on future copper recycling requires further policy innovation, ease of recycling scrap new product design, as well as improved copper recovery process with the industry. “
representatives from international institutions such as the London metal Exchange also attended the workshop activities, sharing insights on responsible sourcing and production of copper responsibility of other topics to discuss how the copper industry will contribute to sustainable development.
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