IEA critical minerals report

www.iea.org/reports/the-role-of-critical-minerals-in-clean-e…
A typical electric car requires six times the mineral inputs of a conventional car and an onshore wind plant requires nine times more mineral resources than a gas-fired plant…

To meet Paris goals, their share of total demand rises

  • to over 40% for copper and rare earth elements
  • 60-70% for nickel and cobalt
  • almost 90% for lithium

Our analysis suggests that it has taken 16.5 years on average to move mining projects from discovery to first production. These long lead times raise questions about the ability of supply to ramp up output if demand were to pick up rapidly.

DB2

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16.5 years?

Enter the first stimulus act.

Our analysis suggests that it has taken 16.5 years on average to move mining projects from discovery to first production. These long lead times raise questions about the ability of supply to ramp up output if demand were to pick up rapidly.

16.5 years? Enter the first stimulus act.

???

DB2

Rapidly increasing demand + limited supply → rising prices. What is the best way to invest?

Wendy

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These long lead times raise questions about the ability of supply to ramp up output if demand were to pick up rapidly.>

Rapidly increasing demand + limited supply → rising prices. What is the best way to invest?

There’s always the ETF approach. Check out REMX, the VanEck Rare Earth/Strategic Metals ETF. Up 55% in the last years.

DB2

A typical electric car requires six times the mineral inputs of a conventional car and an onshore wind plant requires nine times more mineral resources than a gas-fired plant…

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Silly comparisons:

An EV does not weigh six times as much as ICE vehicle!

Wind plant does not use 9 times more minerals than a combined cycle gas fired power plant.

And elimination of coal fired power plants, refineries and ICE vehicles saves huge quantities of carbon steel, stainless steel, copper, aluminum, titanium, silver, gold, chromium, nickel, platinum, magnesium and many other minerals. Those catalytic converters with their rare earths are only needed by ICE vehicles.

The catalyst component of a catalytic converter is usually platinum (Pt), along with palladium (Pd), and rhodium (Rh). All three of these platinum group metals are extremely rare and very expensive.

Jaak

What is the best way to invest?


Currently have chips on BHP (actually BBL), Rio Tinto and VALE

Jeff