Part II - Where are We going to find all the Metals We Need to Transition to NetZero?
by Jon Forrest Little
Diesel prices have climbed more than 40% in the U.S. and Europe since May. This gives a sense of why United Air and Alaska Air came out today with warnings about how much energy costs have increased.
Then someone tweeted this at me.
The good news is that people who read MineralWEALTH (people enthusiastic about metals and mining) understand that a typical electric bus or truck uses 800 pounds of copper and a lot of silver too.
Context: look how tiny precious metals are compared to all the metals mined.
See how tiny that little black box is in the top right-hand corner on the left side of this chart? That little black box represents a small fraction of technology and precious metals mined compared to the total.
So when you hear people say that electric vehicles will solve the price of diesel problem, you can understand just how clueless this statement sounds.
It doesn’t mean that electric vehicles are a bad thing at all.
Like it or not, the transition to net zero is underway, but we have to ask the following question.
WHERE ARE WE GOING TO GET THE METALS WE NEED TO ACCOMPLISH NET ZERO?
They don’t come from the Metal Mining Tooth Fairy