text: Original by Dongchedi Li Dezhe
[Original by Dongchedi Industry] According to Reuters, BMW Group recently announced that it would invest in Jetti Resources, a US copper mine mining startup through its BMW i Ventures. It is understood that BMW Group and other manufacturers are reaching agreements to ensure the supply of copper and other key raw materials, which may be short of in the coming years as demand for raw materials soars due to the production of electric vehicle .
BMW Group announced that it will invest in US copper mining startup Jetti Resources through its BMW i Ventures
Data released by Standard & Poor's shows that electric vehicles demand for copper about 2.5 times that of fuel vehicles. The company also predicts that by 2035, the power industry's demand for copper will double to 50 million tons.
Standard and Poor's data show that electric vehicles demand copper about 2.5 times that of fuel vehicles
Data shows that Jetti Resources was founded in 2014. The copper extraction process developed by the company is groundbreaking and can double the copper mineral output. Officials said that its technology uses leaching technology rather than smelting technology, requiring less power and carbon dioxide and emissions have been reduced by about 40%. A relevant person in charge of BMW Group said that this new process is expected to improve the carbon footprint and integrity of the supply chain.
Jetti Resources was established in 2014. The copper extraction process developed by the company is groundbreaking. According to the BMW Group's plan, by 2030, at least half of its new cars will be pure electric models. However, BMW Group has not disclosed the specific investment scale of Jetti Resources . The head of BMW Group also said that the investment does not include an offender agreement, but in the future Jetti Resources may supply BMW .
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