Having said that, I continue to accumulate shares in copper-mining companies.Link to ZeroHedge.
“Think of copper as a common carrier, so to speak, of decarbonization. It is literally the wiring that connects the present to the future,” writes Nathaniel Bullard, BloombergNEF's Chief Content Officer.
While many of us imagine renewable energies to be just that – infinitely renewable, with no use of finite resources – the reality is that solar planes, wind turbines, energy transmission infrastructure, batteries for energy storage, and motors for your electric cars and electric bicycles all rely on metals that are not infinitely sourceable.
Much lip service has been paid to the extraction and exploitation of lithium to power electric vehicle batteries, but one could argue that copper is even more central to – and therefore potentially threatened by – a large-scale green energy transition.
For the archives.
Disclaimer: this is not an investment
site. Do not make any investment, financial, job, career, travel, or
relationship decisions based on what you read here or think you may have
read here. Full disclaimer at tabbed link.
All my posts are done quickly:
there will be content and typographical errors. If anything on any of
my posts is important to you, go to the source. If/when I find
typographical / content errors, I will correct them.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.