Friday, November 17, 2017 8:34:56 AM
Extracts from article:
The electric vehicle revolution is accelerating, and it will inevitably change the orientation of the mining industry, Robert Friedland, executive chairman of Ivanhoe Mines, argued during a presentation at the Sprott Natural Resource Symposium held in Vancouver in July.
Friedland said that rapid urbanization, combined with efforts to reduce air pollution, will lead to a ramping up of electric vehicle production. And the demand for the metals needed to build them — including his favourites copper, platinum, palladium, zinc, nickel and cobalt — will rise as a result.
“This is an era of unprecedented change, it’s really happening,” Friedland said. “The handwriting is on the wall. For those of you who deny this phenomenon, you’re going to miss this massive disruption opening soon at a theatre near you.”
“Air pollution isn’t just in China. It’s in Paris, Greece, Madrid and Mexico City,” he said. “In Beijing, the government is on an air pollution jihad. It’s engaging in the largest enterprise ever to clean the air, and they’re going to do it because China is a command economy.”
He noted an electric vehicle currently contains 150 kg of copper — or four times more than a conventional vehicle — and even more copper will be required to electrify developing countries, he said.
“We don’t have enough copper being discovered to meet future copper demand. We need much higher copper prices to stimulate the painful enterprise of exploration, development and production. We’re just getting on the edge of a very steep ski slope and looking down over the edge.” Lesley Stokes, The Northern Miner
[url]http://www.northernminer.com/news/sprott-conference-friedland-pitches-metals-used-electric-vehicles/1003788520/
And you gotta love Elon Musk ... just unveiled a new Tesla concept roadster EV -- 1.9 seconds from 0 to 60 mph (holy geezus), with a 600 mile single charge range. Already taking advance orders -- $50 thousand down payment towards $200 thousand purchase price, expected to start production in 2020.
And the new roadster news was dessert to the main rollout by Elon of the new EV 18-wheeler truck (0 to 60 mph in about 5 seconds?) with a single charge 500 mile range. Yep, the truck will out accelerate most run-of-the-mill cars on the road.
I'm sure they use a lot of copper in those.
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