Just wrapped up at the #FTMining Summit. A few sound bites and takeaways that really struck me from my #copper and #energytransition lens:
💡 “Discovery is the lifeblood of the sector” (Mark Bristow ― Barrick Gold Corporation President & CEO)
💰 The mining sector trades at some of the lowest ever multiples currently. Only European banks are valued as lowly! (Bill Winters ― Standard Chartered Bank CEO)
⚡ Demand for copper will effectively be infinite in the medium term; everything the industry produces will get consumed (Paul Gait ― Anglo American Head of Strategy)
⚒ There are 30,000 mine sites globally, operated by 25,000 companies (Rhohitesh Dhawan ― ICMM)
🕳 “People want the #EV, but not the hole in the ground.” (unattributed)
🔋 Batteries are currently too expensive for mass adoption of EVs (unattributed)
🚙 Automakers have never had to reach this far into their supply chain [as they now do, with with sourcing raw materials for EVs]. They are used to a world where the more they buy; the cheaper each part gets. Dealing with price volatility and uncertainty of supply is a huge challenge for them. (Sarah Maryssael - Livent Chief Strategy Officer)
Thank you Helen Thomas, Tom Wilson, Harry Dempsey, Nic Fildes and Susannah Savage for a masterfully moderated series of discussions and interviews and the whole Financial Times #FTLive team for an excellent event.
Our President and Director, Thomas Schmidt, is attending the Financial Times 4th annual #FTMining Summit in London today and tomorrow.
Find him there or reached out on LinkedIn.
Talent Advisor @ Zenith Energy | ESG, Detail-oriented
3wFantastic guys, the presentation by Mineral Resources on their rehabilitation of the mine sites, it was awesome, I really wanted to go back in time and be that 15-year-old about to decide on my career. Well done Get Into Resources Inc.