RE:Copper Supply and RealityPandora,
Thank you for posting those videos. My takeaway from the 1st one is simply that Copper demand will continue to rise not only as a result of the transition away from ICE technology but certainly as a result of the significant investment in new infrastructure projects as announced in the US and elsewhere.
What I found interesting is Freeport's complete lack of interest in greenfield resource development, which to me suggests that their long term view is that technology will in fact go a long way to overcoming the stress on current supply capacity within that same 10 to 15 year window. When coupled with their capacity forecasts, they feel that the status quo provides a better return on shareholder equity. This is particularly true if prices continue to rise and production costs moderate.
Rest assured that were that not their belief they would be planning new mines.
So the real question is how quickly new technologies come to market. We are seeing major developments in motors that use less copper and of course with EXRO we are seeing our intelligent traction control can reduce resource usage both at the battery and motor level.
Recycling is another major consideration, one I don't believe was taken into account as part of the interview. EXRO can play a major role there too.
All good food for thought!