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The Aussie Weekend’s Back

World Copper Supply & Demand Shifts

The world’s copper market is expected to see a significant surplus over the next two years says the latest forecast from the International Copper Study Group (ICSG). The Group said…

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Aurelia Metals Green Lights Aussie Copper Mine

Australian mining and exploration company Aurelia Metals with two existing mines in  the Cobar Basin in New South Wales will now develop the Great Cobar copper mine. The project involves…

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Rare Child Cancer Sees Possible Copper Cure

Survival from a rare but deadly childhood cancer could improve by applying an existing drug that’s currently used to manage excess copper in the body says Australian study. The drug…

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Artificial Intelligence And Copper: Pulse Briefing #1

The International Copper Association Australia has launched the first of its Pulse Briefings, a series designed to showcase the latest innovations across the resources sector. The first Briefing takes a…

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November 11, 2021 · General, John’s Blog

Two years ago the Prime Minister famously called Labour’s embrace of electric cars ‘the end of the weekend’. 

But no longer. Mr Morrison recently unveiled a strategy to support 1.7M zero emissions vehicles on Australia’s roads by the end of the decade. 

Its been met with a lot of cynicism in the press, but if he’s had a genuine change of thinking or its just part of his election plan (as has been widely suggested), the end result is its still going in the right direction.

In essence he’s promising to boost funding for charging infrastructure as part of a $178M expansion of its Future Fuels Fund. He says that will mean charging stations at over 400 businesses, 50,000 households and more than 1000 public access points.

It may do something to get our electric car sales up past the anaemic 2% they are now, with the government projecting that electric cars will still hit 30% of new car sales by 2030 as the market increasingly pivots to greener vehicles. 

The Electric Vehicles Council, of which I’m a member, has criticised the move, saying it lacks subsidies or tax incentives, fuel efficiency standards or an end date for the sale of petrol and diesel vehicles. These seem logical steps to take if we really do want  a lot more greener cars on our roads within the foreseeable future.

It may also signal that the Prime Minister understands the electorate is changing, with a majority favouring action on climate change, with electric vehicles also increasingly popular.

Of course copper is key. Electric vehicles use up to four times as much copper than conventional petrol cars, crucial for motors, batteries, inverters and wiring. Copper also fuels charging infrastructure, found in cables, transformers and wiring to the electric panel.

Cheers, John Fennell

Featured

World Copper Supply & Demand Shifts

The world’s copper market is expected to see a significant surplus over the next two years says the latest forecast…

Read More

Aurelia Metals Green Lights Aussie Copper Mine

Australian mining and exploration company Aurelia Metals with two existing mines in  the Cobar Basin in New South Wales will…

Read More

Rare Child Cancer Sees Possible Copper Cure

Survival from a rare but deadly childhood cancer could improve by applying an existing drug that’s currently used to manage…

Read More

Artificial Intelligence And Copper: Pulse Briefing #1

The International Copper Association Australia has launched the first of its Pulse Briefings, a series designed to showcase the latest…

Read More

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