All those Electric Vehicles

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Battery shortage - we know about that.
Infrastructure shortcomings - we know about that.
Copper shortage???  From Mining.com

Copper mine flashes warning of ‘huge crisis’ for world supply
Accompanied by tinny taped music and overall-clad workers, Rio Tinto Group executives and Mongolian officials gathered a kilometer beneath the freezing Gobi Desert earlier this year to open one of the world’s richest underground copper mines.

It was a celebration four decades in the making.

Oyu Tolgoi, in southern Mongolia just north of the Chinese border, is key to Rio’s efforts to move beyond its dependence on iron ore and expand in copper, the metal that underpins the clean energy transition. It’s also a vast deposit whose corporate, political and technical vicissitudes offer a glimpse of the red metal’s troubled future.

As demand for copper surges, supply is increasingly likely to come from mines like this one on the arid steppe: expensive, technically complex, outside traditional copper jurisdictions and operating under the eye of governments jealously guarding their natural resources.

“There’s a huge crisis,” says Doug Kirwin, one of the earliest geologists to work at the deposit that became Oyu Tolgoi, or Turquoise Hill, named after the area’s rocks, stained by oxidized copper.

“There’s no way we can supply the amount of copper in the next 10 years to drive the energy transition and carbon zero. It’s not going to happen,” adds Kirwin, now an independent consulting geologist. “There’s just not enough copper deposits being found or developed.”

Meanwhile, our State governors are mandating things that they do not comprehend.  These things sound good and poll well with various focus groups but the reality is much different.  But, they will be gone by the time the butcher's bill has to be paid so no skin off their nose...

Maybe time to sell some silver and buy copper...

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This page contains a single entry by DaveH published on May 8, 2023 4:21 PM.

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