Copper is a key mineral for the automotive industry, used ubiquitously across the wiring harnesses market. Its demand is set to grow due to electric vehicle and autonomous vehicle megatrends. IDTechEx's brand new report "Copper Demand for Cars 2024-2034: Trends, Utilization, Forecasts" finds the automotive copper demand will reach 5MT (1MT = 1 billion kilograms) of annual demand in 2034. Autonomy and electrification will drive the growth from today's demand, but the component that dominates the demand will still be the wiring harness.
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