USA: E-Mobility Solvay Expands Capacity for Copper Solvent Extraction Products
With an aim to meet the growing demand for copper in e-mobility across the globe, Solvay has plans to expand its production capacity for copper solvent extraction products at its Mount Pleasant, Tennessee facility in the USA. With the expansion, the company is expected to increase its capacity by 20 %.
Brussels/Belgium – Solvay has recently announced plans to expand capacity at its Mount Pleasant, Tennessee facility (US), in response to growing demand from mining operations for its copper solvent extraction products. The market for copper is expected to surge over the next decade, driven by growth in construction, infrastructure, manufacturing and automotive applications.
According to the International Energy Agency, clean energy technologies will account for around 45 % of copper demand in 2040 vs. 24 % in 2020. In particular, copper plays an important role across the electric vehicles (EV) value chain as it is used in batteries, motors, inverters, wiring and in the charging infrastructure. The steep adoption of electric vehicles, which contain on average four times more copper than a combustion engine car, will see global refined copper demand for EVs rise by 21 % per year until 2030, reaching around 2.5 million tons in 2030. Solvay expects the new capacity, which expands on existing assets, to be commissioned by the end of 2022.