Aeon Metals’ objective is to transform into a premier base metals company
Aeon Metals’ purpose is to create long-term shareholder value through the discovery, acquisition and development of natural resources.
Aeon Metals has a total commitment to maintaining a safe and healthy workplace, allocating significant resources to training and management systems to ensure a best practice approach to safety at all times. In parallel, the Company has a strict focus on meeting environmental commitments.
Growing Demand for Lithium ion Batteries
Copper
- Supply deficit looming with existing mines at full capacity
- China concentrate and scrap imports still rising
- Grades declining and lack of new projects
- BHP forecast that by 2035 demand for copper in charging and distribution upgrades will reach 1.2m tonnes.
The Future of Copper:
Electric Vehicle Demand Drives Copper Demand
- One in six cars is expected to be electric by 2025.
- EV technology is heavily reliant on copper, and copper demand for EVs is expected to increase from 185,000 tonnes in 2017, to 1.74 million tonnes in 2027.
- EV manufacturing requires copper for multiple key components, such as batteries, motors, charging stations, and supporting infrastructures.
- The more advanced the EV technology becomes, the more copper is required.
- Internal combustion engines typically use 23 kg of copper, while hybrid electric vehicles (HEVs) use 40 kg of copper, plug-in hybrid electric vehicles (PHEVs) use 60 kg of copper, and battery electric vehicles (BEVs) use 83 kg of copper.
The Future is Electric
- According to the published World Energy Outlook 2017 by the International Energy Agency (IEA), growing electrification implies that electricity is going to sectors previously confined to fuels, including vehicles, heating and cooling systems.
- The global demand for electricity is set to grow as rising incomes enable millions of households to use electrical appliances and cooling systems. Progress in India and Indonesia has been particularly impressive, and in sub-Saharan Africa electrification efforts outpaced population growth for the first time in 2014.
- Electricity requires a great deal of copper for production, distribution, and transmission. Copper is an excellent electrical conductor and operates well at higher temperatures to help electrical systems connect to the larger grid.
Renewable Energy Gains Momentum
- Global electricity generation from wind and solar was 23 percent in 2015, and thanks to increases in wind- and solar-generating capacity, that number is expected to grow to 30 percent by 2020.
- A strong appetite for renewable energy sources remains at the global level. From wind turbines to solar panels, copper is a critical component of renewable energy technologies.
- Wind turbines use copper for grounding wires, power cables, transformers, inverters, lightning protection, and as part of generators and control systems. A single wind farm can contain 4–15 million pounds of copper.
- Copper is also a key component of solar energy systems, increasing the eÂfficiency, reliability, and performance of photovoltaic cells and modules. Copper’s superior electrical and thermal conductivity are vital in the collection, storage, and distribution of solar energy.
Video thanks to the International Copper Association
