ginforce
Posts: 99
Joined: Wed Oct 26, 2016 11:58 pm

Mining

Thu Jun 08, 2017 11:53 pm

I know this is a bit down the chain as far as EV discussion but it is still relevant. Mining for battery resources may seriously take off and this opens up another sector to eco friendly and sustainablility. We already have lithium hitting a boom with this and sad to say in one of the least eco friendly countries there is , China. Now we are looking at Copper and Cobalt.

http://www.telegraph.co.uk/business/201 ... ge-mining/
The electric vehicle revolution is happening and its impact is likely to be felt faster than expected,” Ivan Glasenberg, chief executive of Glencore, told a conference in Barcelona earlier this month. Glasenberg, whose empire encompasses copper and cobalt deposits, is keenly aware of the impact this revolution will have on the mining industry.

“Governments are mandating increasingly aggressive emission targets that can only be met by alternative forms of mobility,” he said.

Glencore is not alone in wanting to be ahead of the curve when it comes to electric vehicles.

The fast-growing interest in electric vehicles has been driven by the Paris climate change agreement in 2015, and by China, the world’s largest consumer of metals, which is “emerging as the global leader in electric vehicles”, according to Glasenberg. The dire pollution in China’s cities is an obvious reason for its interest in...

voltage
Posts: 138
Joined: Tue Aug 09, 2016 8:09 pm

Re: Mining

Sat Jun 10, 2017 3:24 am

http://oilprice.com/Energy/Energy-Gener ... upply.html

Cobalt Frenzy: Prices Surge 150% As Tech Giants Battle For Supply
This super-metal is the hottest commodity on the market right now—and it’s NOT lithium.

Instead...

It’s a metal that early investors are eyeing as a massive opportunity.

Supply is already in deficit – and that’s before the anticipated 500 percent increase in demand.

It’s a metal that is critical to the future stock price of everything from Google (NASDAQ:GOOGL), Apple (NYSE:AAPL), Tesla (NASDAQ:TSLA) Amazon (NASDAQ:AMZN), UPS (NYSE:UPS) and many more.

Welcome to the supply crisis that is all about Cobalt

Cobalt is a metal that few investors know much about – it is critical to the electric vehicle (EV) revolution because it makes up some 35% of the lithium-ion battery mix.

That’s 30% of batteries that are the backbone of EVs, EVs that are now mainstream. To meet demand for EVs, billion-dollar battery gigafactories have been built and continue to be built. Consumer electronics are contributing to the demand and resulting shortage of supply.

And, unlike lithium, which is a fairly common commodity... we can’t source enough of cobalt as things stand today – and demand is increasing quickly.

Soon this story will get out.

Analysts at Macquarie Research project deficits of 885 tons of this resource next year, 3,205 in 2019 and 5,340 in 2020. That’s a deficit increase of 503 percent.

As a first principle of investing, where there is a supply problem, there is a massive opportunity for early investors.

In the perfect storm that is the cobalt market, there are additional challenges. Currently, more than half of the world’s supply of cobalt comes from the Democratic Republic of Congo (DRC). Use of child workers in appalling conditions in the DRC means that difficult supply chain questions are starting to be asked. Apple and Tesla will not be able to ignore the awkward questions they are being asked about their supply chains. Is their cobalt ethically sourced? Generally speaking, no. This is a huge and growing problem.
This actually is a huge topic and issue. Not only is Cobalt a tenuous resource but so are many other components in the electric battery. Ethically and eco friendly sourced products will raise some serious issues, not that is stopped the like of Nike.

m16charged
Posts: 39
Joined: Wed Oct 26, 2016 11:54 pm

Re: Mining

Tue Jun 13, 2017 3:00 am

Mining is a huge player in the electric vehicle. We have to be sure than the mining is done in a globally sustainable, moral and ethical manner and that the mining itself doesn't depleat any good the EV is doing for the environment. I'm glad to be seeing this acknowldgement in regards to mining as it is a big issue

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