Andre, could the following comments by Glencore CEO Ivan Glasenberg be one of the reasons for the accumulation of Mustang shares in recent weeks.
With the rising Electric Car Boom, it is anticipated that each battery will require up to 38 kg’s of Copper and 11 kg’s of Nickel, and for each electric vehicle the Copper load is up to 80 kg’s (and increased quantities of Nickel & Cobalt).
Past work by Mustang to prove up a significant resource of Copper and Nickel, along with Platinum Metals, cobalt and recent April 2017 confirmation of significant Chromite sections & grade, as well as Engineered & Permitted processing site could provide the right market timing for Mustang going forward.
See articles by Bloomberg and Mining.Com.
Glencore says electric car boom is coming faster than expected
16th May 2017
By:
Bloomberg LONDON – Glencore CEO
Ivan Glasenberg said the
rise of electric cars will significantly boost demand for minerals including
copper and lithium in the coming decades.
“
The electric vehicle revolution is happening and its impact is likely to be felt faster than expected,” Glasenberg told investors at an industry conference in
Barcelona on Tuesday. Almost all carmakers are increasing investment in electric vehicles as governments adopt tighter emissions targets, he added.
Electric vehicles require more
copper wiring than standard internal combustion
engines. For example, the
battery in an electric car contains about
38 kg of copper, 11 kg of cobalt and
11 kg of nickel, according to Glencore. Those materials, along with maganese, stand to benefit from more demand for electric cars, Glasenberg said.
Demand is growing for battery-powered vehicles. European sales of alternative-fuel models, which include fully electric cars and hybrid vehicles, jumped 36% in the first quarter to 235 438 vehicles, according to the European Automobile Manufacturers’ Association.
Volkswagen will triple spending on developing alternatives to combustion
engines to €9-billion ($9.8-billion) over the next five years.
Daimler’s bill for the transformation stands at €10-billion.
Glencore: 'Electric vehicle revolution is happening faster than expected' Mining.Com - 2 days ago
Around half of global
copper demand is from the electronics industry and roughly one quarter finds application in building and construction. The remainder find its way into industrial machinery, consumer products and – important in terms of growth potential – the vehicle market, specifically electric vehicles.
Vehicles with conventional internal combustion engines typically contain about 20 kilograms of copper. For
electric vehicles the copper load is up to 80 kilograms (and increased quantities of cobalt,
nickel, manganese).
Bloomberg reports Ivan Glasenberg, CEO of Glencore, the
world's third largest producer of copper, told investors at an industry meeting in Barcelona “
the electric vehicle revolution is happening and its impact is likely to be felt faster than expected.”
Almost all carmakers are increasing investment in electric vehicles as governments adopt tighter emissions targets, he added.
In a recent report consultants McKinsey forecast that barring large-scale substitution by aluminum and other materials or a significant increase in recycling, primary copper demand could potentially grow to 31 million tonnes by 2035 as per capita usage rates in emerging markets, particularly in China, approach levels in developed economies. The prediction represent more than 40% growth from today's annual demand levels of around 22 million tonnes.
https://www.mining.com/glencore-electric-vehicle-revolution-happening-faster-expected/