MUST READ: BP former chairman Albert Manifold issues a lengthy statement setting his view of his tenure at the British oil company. And he hints strongly about clashes over “unnecessary or excessive expenditure.”
China’s Next-Generation Industrial Policy – Rhodium Group - The effect this has had on the world is as pronounced as A.I. yet it seems not to have garnered nearly as much attention. https://t.co/vArDYmPkQT
Steve Hanke, Professor of Applied Economics, says the world is rearming and arms need raw materials.
Since December, tantalum is up 133%, lithium spod 52%, niobium 28%, and gold is still heading to $6-7K. Move out of high tech, get into hard commodities. We're in a super cycle
https://t.co/pgYjleA6Ce | Guy Robert Elliott - this is excellent news and I agree with Charles Moore in The Spectator that it took far too long to get resolved. https://t.co/tu2fzVDgBF
The widening gap between copper supply and demand will have an impact on economic development and energy futures - ScienceDirect https://t.co/O6DKJe4aJb
Robert Friedland on the masive copper shortage to meet future grid, clean energy and AI demand:
“We’re consuming 30m tonnes of copper a year. Only 4m tonnes of which is recycled. That means to maintain 3% GDP growth — with no [further] electrification — we have to mine the same amount of copper in the next 18 years as we mined in the last 10,000 years, combined.
In the next 18 years, I’ve got to mine the same amount of copper as we mined the last 10,000 years. [This is without any new] electrification, without data centers, without solar and wind and the greening of the world economy. You people have no idea whatsoever what we’re facing.”
Oh dear.. The IEA figures yesterday showing that by 2030 the EU could be reliant on the US for 80 per cent of its LNG imports. That’s almost double the proportion of total gas that the EU was importing from Russia before the full-scale invasion of Ukraine
https://t.co/LQtVAwAVES