'We're heading for a train wreck here.' Billionaire miner Robert Friedland
Billionaire miner Robert Friedland: the mining industry is failing to increase supply ahead of 'accelerating demand.'Friedland: the market has yet to realize the significance of copper and how it is essential to decarbonization efforts.We have all seen news headlines for lithium, cobalt, nickel, and other rare-earth metals needed for electric vehicle batteries and the entire electricity infrastructure.
Copper is essential in electric vehicle motors and batteries, as well as cabling and transformers, to build out the nationwide electric vehicle charging infrastructure in the US and worldwide. Friedland's longer-term view of higher copper prices is supported by a combination of decarbonization efforts globally, rising China demand, the emergence of India, and the modernization of militaries after the Ukraine war.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The eye-watering sum set to make Taylor Swift’s Eras tour highest-grossing concert in historyThe Era’s Tour singer will become a billionaire at 33 years of age
Read more »
Government minister returns to his former Lincoln schoolSir Robert Pattinson Academy welcomes Minister of State for a special visit and unveiling
Read more »
Curran: Is Bill Belichick facing a 'now or never' season in 2023?How 2023 unfolds will determine not only the team's direction for the rest of the decade but also, quite likely, how the career of the greatest coach in NFL history ends, Tom E. Curran writes.
Read more »
Florida forces Game 3 in College World SeriesFlorida baseball beat LSU by 20 on Sunday. The Gators' football team hasn't beaten the Tigers by that much since 2008 when Tim Tebow quarterbacked for UF. How Florida launched their way to a winner-take-all title game ⤵️
Read more »