Quiet Trading Today, page-110

I very much doubt those numbers. The quickest and easiest one for anyone so inclined to debunk would be copper.

Trying ballpark numbers. Something like 20 mm cars pa in the US. Say 100 kg extra copper on board and another 100 off board. That’s only 4 mmtpa. More like 25% than 250% of global copper production. Even then I suspect I am too generous with the copper.

Maybe he”s referring to US mining, which would be meaningless as the US isn’t really a producer of the other metals which might be how the silly numbers come about.

Of course he’s also missing the biggie in value terms, nickel.

I do however think mining constraints may slow the transition as global uptake gets into the 10s of % of global production.

Clearly someones twitter feed not to bother following. I suspect Bloomberg has a vastly better grasp of the facts here than his idiotic twitter critic has. Off to buy my electric car. 2035 seems a bit of a stretch target but barring the politics perhaps doable. But I certainly can’t see it happening sooner.

EL