Raw materials of the future
Interestingly, during the Corona crisis, the sale of vehicles with combustion engines fell sharply, but not the sale of electric vehicles. Also, according to the World Bank, an extremely large amount of these raw materials will be used for power generation and energy storage. This is because the demand for raw materials for climate protection measures is growing enormously.
Even with an excellent recycling yield, metals such as copper will become scarce due to growth. Platinum, palladium and other PGM metals are also predicted to become scarce. These metals are used in catalytic converters, mainly downstream of combustion engines. The worldwide tightening of emission regulations will further fuel demand.
Platinum and palladium, along with gold, are the business of Sibanye-Stillwater: https://www.commodity-tv.com/play/sibanye-stillwater-q1-2020-operating-update-record-ebitda/. With properties in the USA and in South Africa, Sibanye-Stillwater is one of the big players in the industry.
Copper supplies are provided by Copper Mountain Mining with its 75 per cent stake in the Copper Mountain copper mine in British Columbia: https://www.commodity-tv.com/play/copper-mountain-mining-updated-feasibility-study-for-little-eva-project/. The mine produces around 90 million pounds of copper equivalent annually. A second project of Copper Mountain Mining is the Eva copper project in Australia. It is already in the development phase.
Latest company information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/).
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