To the above post- Katanga, oops, Glencore sure are under fire from a number of different directions... makes one wonder how long their Congo operations will be slowed down or completely halted for.. if they file for bankruptcy or some other neat trick they will find it a lot harder moving forward to a. Operate in the Congo at all & b. Find larger investors/entities willing to lend to them moving forward.
https://in.reuters.com/article/glen...-3-bln-freezing-orders-idINKBN1HY2NK?rpc=401&
( another link to the same story if not a subscriber to the news thing on panda’s link )
Now we see that renewables are matching & in fact starting to beat gas & even coal fired power plants... the tipping point is pretty much here- now we just need EV’s with a 400km range for a price similar to an ICE vehicle & we already are.
Many of the larger automakers are getting their EV vehicles ready as we speak & our local car dealership is about to change dramatically- I would wager that most of us will have access to one EV at least at each of the different automaker’s own dealerships in the next 12 months.
We all consider changing battery chemistry- but some of us forget that car makers need to sell cars now to maintain their customer base.
Now* not 5 years, not 10 years, ( 10 years being when any serious change in battery will occur if it does ), but right now. Which means they need to secure cobalt & high grade nickel moving forward through these next 5-10 years & again that securing needs to happen now, as in this or at worst the next, financial year for our northern hemisphere friends.
That means by the end of next year most American & Japanese manufacturers, ( don’t forget they both have a big hand in other country’s automakers as well ), need to have their material pipelines set, ( their financial year ends December unlike here in Oz where it’s June ).
https://oilprice.com/Energy/Crude-Oil/Renewables-Are-Booming-In-Oil-Country.html
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