Huflungdung, it's a messy situation going forward really.
If we don't have the copper supply, we have the prices up.
If we don't have the prices up, we don't have the supply because the 0.15% grades are not mined.
This is the same with gold, in 10 years time the average grade will be 0.2g per tonne.
Its what happens when you consume, you take the easiest stuff first.
Wether we move to renewable is environment or supply is a question?
On one hand we had mini ice ages that wiped out the myans and incas and a major one the dinosaur and they were not burning fossil fuels.
To me the earth goes through changes on its own.
Then to supply, eventually oil and coal will get scarce.
The biggest polluters are actually cows - no focus.
Interesting times ahead.
Outside environment, the world can only be in surplus if we consume less than we take. We have taken more than the world supplies for along time as we owe the planet.
Ie defects = money print, bonds to fill the void between supply and demand.
All wealth starts via mining at the chain.
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