The reality is that our world is facing a future shortage of the minerals required to make the transition to clean energy. Copper, arguably the most important energy transition metal, is facing a dire shortage. Copper consumption by green energy sectors globally is expected to jump fivefold in the next decade. And other important metals are also in short supply.According to a report by Wood McKenzie, mining companies will need to spend $1.7 trillion over the next 15 years to supply enough lithium, graphite, cobalt, and nickel to shift to a low-carbon world.Billionaire mining financier Robert Friedland, a client from my old investment-banking days, recently told me, “We’re sitting on a cliff with most existing copper mines suffering from declining grade and production while discovering and developing new mines is getting ever more difficult due to socio-environmental concerns and a lack of investment in exploration to find the next generation of long-life deposits. QUOTE
COB is in a strategic position, cobalt along with other minerals will see strong demand in the future IMO
https://www.thestar.com/business/the-dirty-truth-about-why-we-need-mining-if-we-want-a-cleaner-world/article_c7f890a8-8422-5563-bcc8-9b613f79c162.html
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