Lates News

Analyst Colin Lang of Bank of Wealth emphasizes the importance of copper in wiring harnesses, electric motors, and battery components. He points out that the increase in copper prices caused by tariffs will directly raise production costs for automotive manufacturers, with a particularly significant impact on electric vehicle companies - as the amount of copper used in electric vehicles far exceeds that in internal combustion engine models. Lang stated that the unpredictable nature of tariff policies has triggered price fluctuations and market uncertainty, leading to delays in capital expenditure and inventory replenishment for both automakers and suppliers. While US automakers may be able to pass on some of the costs to consumers, foreign brands may face a sharp decline in demand due to price hikes, resulting in a loss of market share in the US.