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Metals including copper, aluminum and nickel should see booming demand as the world transitions to cleaner energy. These MIFTs, or Metals Important for Future Technologies, could be in short supply in the future, however, with electric vehicles requiring twice as much copper as a traditional ICE (internal combustion engine) vehicles and far more nickel, cobalt and lithium, which are hardly used in traditionally powered vehicles. There's simply not enough investment happening in mining, but recycling offers a partial solution while also emitting much less carbon than pulling metals from the ground. Michael discusses important considerations around building a more efficient recycling supply chain, product design being one of the keys.
"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.
©2022 Bank of America Corporation. All rights reserved.
4.5
1111 ratings
Metals including copper, aluminum and nickel should see booming demand as the world transitions to cleaner energy. These MIFTs, or Metals Important for Future Technologies, could be in short supply in the future, however, with electric vehicles requiring twice as much copper as a traditional ICE (internal combustion engine) vehicles and far more nickel, cobalt and lithium, which are hardly used in traditionally powered vehicles. There's simply not enough investment happening in mining, but recycling offers a partial solution while also emitting much less carbon than pulling metals from the ground. Michael discusses important considerations around building a more efficient recycling supply chain, product design being one of the keys.
"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.
©2022 Bank of America Corporation. All rights reserved.
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