Bloomberg — Copper & Silver Prices Suggest Gains For Renewables & EVs - CleanTechnica

The article from CleanTechnica, referencing Bloomberg analysis, highlights the recent surge in copper and silver prices driven by growing demand from renewable energy sectors and electric vehicles (EVs). Silver reached an unprecedented $80 per troy ounce, rising 18% in a week, while copper hit a record $5.92 per pound with a 6.3% gain. These metals are critical for electrical systems, with copper widely used in wiring and silver valued for its superior conductivity, especially in solar panel manufacturing and EV components. Notably, EVs require significantly more silver and copper than traditional combustion engine vehicles, and the rise of AI chips further intensifies demand amid stagnant mining production. The supply-demand imbalance is pushing prices higher, reflecting fundamental economic principles. However, increasing supply to meet demand poses environmental challenges, as copper mining is resource-intensive and polluting, involving large-scale excavation and potential release of toxic substances. Recycling copper offers a more energy-efficient alternative, consuming up to 90% less energy