Oliver Twist: “Please, sir, I want some more.”
https://issues.org/environmental-economic-costs-minerals-sol…
A recent analysis by the Wood Mackenzie consultancy found that if EVs are to account for two-thirds of all new car purchases by 2030, dozens of new mines must be opened just to meet automotive demands—each mine the size of the world’s biggest in each category today. But 2030 is only eight years away and, as the IEA has reported, opening a new mine takes 16 years on average.
DB2
But 2030 is only eight years away and, as the IEA has reported, opening a new mine takes 16 years on average.
Germans have coined a new expression “Tesla Geschwindigkeit” Tesla Speed. Giga Berlin took less than two and a half years from site selection to official opening. This is lighting fast for Germany. The new Berlin airport is reported to have taken 14 years to build.
BTW, EV recycling might be an interesting investment idea. By the time EVs dominate the market, recycling might make mining new no longer required except in smaller volume. A new ¿Twist? in mining?
The Captain
EV recycling might be an interesting investment idea. By the time EVs dominate the market, recycling might make mining new no longer required except in smaller volume.
However, in a growth phase (which will be decades) the amount recycled will be far smaller than the growing demand – especially with an 8-10 year lag.
DB2
However, in a growth phase (which will be decades) the amount recycled will be far smaller than the growing demand – especially with an 8-10 year lag.
True but you got to start somewhere. It’s early, I agree.
The Captain
BTW, EV recycling might be an interesting investment idea. By the time EVs dominate the market, recycling might make mining new no longer required except in smaller volume. A new ¿Twist? in mining?
Doubtful for a couple of reasons.
By this I mean no new mining…EV battery recycling will become important.
First, for batteries, we will need more and more of them for things like home power walls, utility grid storage, semi trucks, industrial equipment, etc.
Second, battery chemistries are constantly being innovated and it is unclear that today’s batteries will contain all the elements needed in 5, 10 or 20 years out.
Mike
BTW, EV recycling might be an interesting investment idea.
J.B. Straubel, a former Tesla co-founder, has created such a business for the batteries.
https://www.forbes.com/sites/alanohnsman/2021/03/25/tesla-co…
A recent analysis by the Wood Mackenzie consultancy found that if EVs are to account for two-thirds of all new car purchases by 2030, dozens of new mines must be opened just to meet automotive demands—each mine the size of the world’s biggest in each category today. But 2030 is only eight years away and, as the IEA has reported, opening a new mine takes 16 years on average.
Oliver Twist: “Please, sir, I want some more.”
How a battery shortage is hampering the U.S. switch to wind, solar power
www.reuters.com/business/sustainable-business/how-battery-sh…
At least a dozen storage projects meant to support growing renewable energy supplies have been postponed, canceled or renegotiated as labor and transport bottlenecks, soaring minerals prices, and competition from the electric vehicle industry crimp supply.
DB2