Tesla’s battery metals bill balloons to $100 billion
Raw material costs have more than doubled since Elon Musk said Tesla will produce 20 million vehicles per year before 2030.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Two charts show copper price drop may have been overdone
Copper is China's only growing commodity import in 2022 as the country’s inventories drop 60% in a year and worldwide stocks decline to just 3.5 days consumption.
BHP sees copper market “take-off” by mid-2020s “if not earlier”
Top miner sees up to 4 million tonnes of copper lost to depletion, falling grades by 2030 and a “timid” industry not committing to new projects.
Globally more is being spent on coal than copper mining
New report shows growing disconnect between rhetoric on energy transition, which requires exponential growth in copper mining, and the realities of going green.
Two simple charts show why green energy is all about mining
The move away from fossil fuels is a rocky road. Literally.
UPDATE: Knotty nickel supply chain highly exposed to new price shocks
Volatile market reeling from a big short gone wrong can blow up if West imposes sanctions on Russia. And don’t expect Indonesia to fill in gaps anytime soon.
Top 50 mining stocks lose $600bn in market value from peak
After a brutal second quarter, investors in the world’s 50 biggest mining companies are in full retreat as metal prices slump and uncertainty grips the sector.
Copper, zinc, nickel price rout continues despite rebound in China manufacturing
“It is increasingly clear that concerns about demand are taking precedence over supply issues in the metals markets”.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
