A transition to net zero would thus require much more copper than we are producing now on a global scale, and copper is only one of a dozen of metals that are crucial for the energy transition
that copper output last year increased by a lot less than it expected, and the same is true for this year. Something is not quite right with copper. And copper is just one of the dozen or more metals of which we would need more if we are going to hit net-zero targets.
The numbers, interestingly, were reported at a mining industry conference where attendants failed to find anything nice to say about permitting regimes in most mineral-rich jurisdictions, too. These people, Russell says in his report, are, for the mining industry, the same people who are the loudest proponents of the energy transition. And they are effectively the people who are hard at work to make that transition impossible.
Perhaps it is only a matter of time for them to start reflecting these fundamentals rather than following economic reports coming out of China. Indeed, copper is in a special position as a bellwether metal, its price widely taken to indicate the direction any economy is taking. Weak copper prices normally reflect weaker economic growth and vice versa.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Biden’s Clean Energy Expansion Is Facing Local Resistance | OilPrice.comThe expansion of clean energy in the United States is running into a wall of resistance from local communities that don’t want the projects built near them.
Weiterlesen »
Photosynthesis Research Opens New Avenues For Renewable Energy | OilPrice.comTechnical University of Munich (TUM) researchers use artificial photosynthesis that may produce syngas (synthetic gas) for the large-scale chemical industry and be able to charge batteries.
Weiterlesen »
Wildfires in forests of Canada and Russia put climate scientists on alert\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Weiterlesen »
Adani Group seeks to issue shares for first time since short selling attack\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Weiterlesen »
Adani Group seeks to issue shares for first time since short selling attack\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Weiterlesen »
Ferrybridge: SSE moves forward with plan to deliver battery energy storage system at site of former power stationSSE Renewables has moved forward with its plans to deliver a battery energy storage system at the site of the former Ferrybridge coal-fired power station in West Yorkshire.
Weiterlesen »