RE:Miners cheering Biden’s move to help EV makersIn real trouble for sure.
The challenge is that mining has been a horible business for many decades
Profits are elusive.
Many current nickel ore bodies could be mined for $30,000 ton.
But where do you find enough foolish investors to spend billions over
4 years without the fear of prices crashing.
Throughout history, high prices are usually short lived. Low prices
can last a decade.
Also the mining industry cries wolf continuously about a looming
shortage.
In 2016 copper was supposed to be facing dire shortages soon.
There is no more $3 copper they said. Instead we had $2 copper
4 years later.
We shoud look at data. Yes. But we should never listen to mining associations
predictions. Just tune them out.
mat