Generation Mining Ltd T.GENM

Once EVs dominate, this company will be obsolete yes or no?

[metalhead666]

There's no stopping the EV green transition and the internal combustion engine is going the way of the horse and buggy.  No one is going to challenge this. So, how does this company have 13 years of life if in a few years EVs are taking more and more market share from traditional ICE vehicles?  Now, my DD has found that new pollution control measures are very good for the PGM metals but for how long?  Seems to me that there's nothing but headwinds looming for any paladium or platinum miner. What's your case then for owning this?

[dsdsemma]

Watch some of the company presentations on the balance between gas, hybrid, electric and hydrogen vehicles and you'll see it's a long way until palladium isn't needed for catalytic converters.  By then there'll be other uses for it and platinum and copper use are going to explode with the electrification you're anticipating.  For example, the world needs a new large

[metalhead666]

Copper for sure but I'm not sold on the future for palladium and platinum.  I can see the short term being favorable with new regs on pollution but as EVs take over there will be less and less catalytic converters needed.  So how does this company stack up as a copper producer?  Also seeing as they won't even be producing for several years they'll be a more risk as EV

[dsdsemma]

I think most genm investors would simply describe this situation as "palladium first, copper growing and other PMs in there too". A lot of people overestimate the penetration of EVs in the coming decades, and overlook palladium demand for catalytic converters in the interim years (and there's a big supply deficit driving market prices for years to come).  And then there's

[Sandblaster1980]

EV's will take a while to corner market share of automobiles not to mention the problems for legacy automakers ramping up production. Hyundai just had to do a recall on their EV platform for a potential fire issue, if I remember correctly. Plus most of these automakers have a 2025 timeline for production to start and IMO their volume will come slowly over time, by 2030 they should be going

[Sandblaster1980]

https://www.theverge.com/2021/2/24/22299121/hyundai-kona-electric-recall-battery-fire-lg

[skiesthelimit]

I agree. That's only devolped economies. Now do you think China and India can do the same ? With their infrastructure..... highly doubt it. Let alone those 2 countries account for 1/3 of the world population. And if their economies are going to grow as projected, ice vehicles will be around for a lot longer. If the devolped world uses up a majority of copper resources along with China. What

[Arthur02]

lmao everyone do yourselves a favour and put this troll on ignore