RE: g l e n31 Dec 2020 07:35
Traojan..Glasenberg warned that with population growth and the move toward a low carbon future with the electrification of energy supply, the world will require enormous amounts of energy metals, and directed participants on the call to look at a graphic in his slide-deck illustrating how much demand will grow for copper, nickel, cobalt, and zinc.
Pointing out that the world consumes 29.6 million tonnes of copper annually, Glasenberg noted that miners will have to produce 60 million tonnes of the red metal annually by the year 2050, to meet demand. Global nickel production will have to grow from the 2.5 million tonnes consumed a year currently to 9.2 million tonnes by mid-century; while cobalt supply will have to grow from 129,000 tonnes a year to 507,000 tonnes, and zinc production will have to more than double from 13.9 million tonnes per year consumed currently to 28.8 million tonnes....oh yes