Fast forward to 2021 and forget about how much lithium a Tesla needs. Think about how much copper it needs.
It requires 81kg of copper and even though copper is 99% recyclable, the price is getting squeezed up because of ‘Greenflation’.
‘Greenflation’ is the term now used by economists to explain how the greenies and the do-gooders are forcing up the price of commodities with their ‘Green means No, not Go’ mining policies. To wit, going green means no mining – of anything.
NYet these are the very commodities that are needed to produce their idea of Utopia.
Here is a graph of the copper price over the past five years:
That’s a squeeze of about 150% in just over a year and a recent research report from Morgan Stanley points out why the price is only going higher.
It pointed out that in the past it would take about five years to turn a copper discovery into a producing mine. Now it can take up to 11 years because of all of the environmental concerns raised.
A wind farm turbine needs 360kg of copper just to produce and supply green coloured electricity to the grid. These ugly things never existed in 1980, when the barman was enriching me with his knowledge on all things copper.
The average wind farm requires between 1.8-6.8 million kilos of copper, just to perform, and Wood Mackenzie estimates that globally, wind farm demand alone will reach 5.5m tonnes of copper, per year, by 2028.
To power a Tesla from 0-100km/h takes just two seconds and it’s all thanks to the copper wire used in their rotor arms. They use – wait for it – over a mile (1.6km, non-Imperialists) of copper wire per engine.
Elon reckons that he will deliver a million cars next year to all the greenies and former petrolheads. In fact, the whole industry is on target to build 60 million electric cars a year by 2025.
Courtesy of *….. Not a holder, but watching, thinking and waiting !
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