chris parrish’s Post

And none of them have been planned! Given that it takes 6 years to open a new mine and that the capex for the grid enhancement should double in the trillion of $ , do the maths ! Plus add EVs ( 90 kg of copper per car) Data Centers…..There will clearly be a big shortage of copper and the price should skyrocket from here. At Anaconda we have 50 pct of our gross exposure in mining equities and metal futures .

An excellent non-technical study by the Int'l Energy Forum showing copper mining/production is a key limiting factor for the energy transition. In sum, "Many studies have raised concerns that copper supply cannot meet the copper demands of both the green energy transition and equitable global development, but the seemingly universal presumption persists that the copper needed for the green transition will somehow be available." (It won't be, at the current spot price, and under current mine development timelines.) "Our main purpose is to communicate the magnitude of the copper mining challenge to the broader public that is less familiar with upstream resource issues." The price of copper hit a new nominal high last week, but is still not at a high enough price to incentivize sufficient new supply, according to the copper mining CEO's that I meet with. (with the exception of high-grade deposits such as Ivanhoe's Kamoa-Kakula, et al) Volatility notwithstanding, this looks a compelling multi-year opportunity upstream from the wind/solar/EV technologies that most investors are focused on. 💡 (Not intended as investment advice. Please do your own work.)

A recent report from the International Energy Forum (IEF) highlights a critical challenge for the global energy transition: the demand for copper. To meet this demand, the world will need between 35 and 194 new copper mines by 2050. This increase is necessary to support the electrification of the global vehicle fleet and other technological developments. Key Points from the Report: Increase in Demand: To achieve a "business as usual" scenario, 115% more copper will be needed over the next 30 years compared to what was mined historically up until 2018. In a "net-zero emissions" scenario, up to 194 new mines may be required by 2050. Usage in Electric Vehicles: Electric vehicles (EVs) currently need about 60 kilograms of copper, over twice as much as the 24 kilograms required for traditional internal combustion engine vehicles. This factor is crucial in understanding the pressure on copper demand. Production Challenges: The report notes that the lack of sufficient copper resources in the discovery pipeline is a significant concern. Between 1990 and 2022, only 16 out of 224 discovered deposits were large enough to be considered significant. Prospects and Solutions: Efficiency in Brownfield Expansions: The IEF highlights that expansions at existing mine sites can be more efficient. Examples include sites in Arizona, New Mexico, and Utah. New Technologies and Recycling: Extracting copper from surface stockpiles and improving leaching techniques represent opportunities to increase production without the costs and environmental challenges associated with traditional mining. Government Incentives: To achieve electrification and sustainability goals, governments must prioritize policies that incentivize new copper mining projects. Without these incentives, full adoption of electric vehicles may be unattainable. At Goldberg Resources, we recognize the importance of these challenges and opportunities. We are dedicated to providing strategic analysis and solutions in economic geology to support the sustainable development of copper mining projects. #Mining #Copper #EnergyTransition #ElectricVehicles #GoldbergResources https://lnkd.in/eH7d2mBq

Copper can't be mined fast enough for US renewable energy goals, says University of Michigan and Cornell University study. Renewable energy technologies, clean water, wastewater, electricity — it cannot exist without copper. Electric vehicles and wind turbines require far more copper than current mining rates can supply. Permitting new mines takes about 20 years, making it difficult to meet demands. To meet demands for the year 2050, copper production must increase by 115%, needing six new large mines annually. Researchers suggest focusing on hybrid vehicles instead of fully electric ones to keep the goals achievable. Can the world meet this copper demand? Read More here: https://shorturl.at/jvIRu #Dorecopper #copper #coppermining #mining #mining #miningnews

The IEF - International Energy Forum has just published a report title "Copper mining and vehicle electrification". It rightly points that copper is the metal of the energy transition, and that copper availability in the coming decades could be a bottleneck. However, the "solution" it proposes makes no sense: "changing the vehicle electrification goal from 100% EV to 100% hybrid manufacture by 2035". It rests on this claim: "Life cycle emissions for battery electric vehicles compared with hybrid electric vehicles are comparable with each other." But this is not the case, by far, and you don't find this information in the only paper by the ACEEEE they refer to on this. Although focussing on electric vehicle, the report makes another victim, net zero, with unproven claims relative to considerable consumption of copper in renewables, grids and storage. This is directly inspired from Michaux, as the authors recognise, and any energy expert knows how extraordinary misleading is the "study" by Michaux on the metals required by the energy transition. In sum, very bad work, confining to plain disinformation. Fatih BirolAlessandro Blasi Tim Gould Timur Gül Michael Liebreich Karim Megherbi Philippe Gauthier Emmanuel Hache Thomas Alan Kwan Olivier Vidal Pierre Audinet, PhD European Automobile Manufacturers' Association (ACEA)

"A study by researchers at the University of Michigan and Cornell University has found that copper cannot be mined quickly enough to keep up with current US policy guidelines to transition the country’s electricity and vehicle infrastructure to renewable energy. The researchers found that between 2018 and 2050, the world will need to mine 115% more copper than has been mined in all human history until 2018 just to meet “business as usual.” This would meet our current copper needs and support the developing world without considering the green energy transition." #miningandmetals #extraction #sustainablemining #criticalminerals #energytransition https://lnkd.in/eSKBSYaK

Most of us don't think about them very often, but rare earth elements (REEs) play a critical role in our daily lives. From laptops and magnets to MRI machines, LEDs, and electric vehicles, the 17 elements comprising the rare earth element group are game-changers in the global quest to meet renewable energy goals. #RareEarthElements #RenewableEnergy #Mining #ElectricVehicles

With demand for #copper showing no sign of abating, questions over whether the sector is equipped to meet needs for a metal at the core of the energy transition linger on. “Over the remainder of the decade growth in demand for copper is expected to outstrip demand growth for other metals such as lead, zinc and iron ore,” says David Kurtz, director of mining and construction at GlobalData Plc. “Just nickel and lithium of the major commodities expected to witness higher growth demand.” However, this should not be seen in a negative light by the copper supply sector. For copper miners, rising demand and consequentially high prices – which hit an all-time high in the second quarter of 2024 – represent what Kurtz says is “a major opportunity,” with many looking to invest even more in existing and developing copper mines and other critical minerals. Read the full article by Andy Tunnicliffe on Mining Technology & MINE Magazine #mining #criticalminerals #energytransition

It’s going to force one of two things ,more and more in mine automation or higher commodity market prices because at the moment I can not see a solid pipeline for new entrants to the industry in the Northern Hemisphere 

Mining remains one of South Africa’s most important sectors, but also faces significant challenges in everything from energy supply to logistical bottlenecks to decarbonisation. We’ve taken a hard look at the sector and shared our insights. #investing #mining #decarbonisation #logisitics #energysupply #ports