Brandon Beylo
RT @elanmoritz: Thank you @marketplunger1 Beylo, great #summary on #critical aspects of #mining and #metals✔️✅🎯🍀"
Robert Friedland (@robert_ivanhoe) is one of the most important voices in Metals & Mining.
When he speaks, we should listen.
He recently gave a 40-minute speech on Green Energy, Electrification, Metal Scarcity, and more.
Here are my notes from the talk 👇
WHAT DOES "ENERGY TRANSITION" MEAN?
"You have a billion people that burn firewood to live. They have no access to electrical energy."
"We're burning more coal and more oil today than in the history of the world."
"We spent $4T putting up solar panels for hydrocarbons to still capture 83% of energy source."
"You're not going to stop global warming by buying an electric car."
ON ELECTRIC CARS & EV BATTERIES
"With current lithium ion technology, the destruction we cause, the global warming gas we cause, we might as well sit on our chairs and do nothing."
"You just bought your wife a coal-burning car by buying an EV."
"The current generation of EV batteries will be toast in 2-3 years."
"I would short every lithium company in the world."
"We're going to kill the lithium hydroxide business over time."
COMMON METALS VITAL FOR TRANSITION
"If we're going to have a transition, we need common and abundant materials. We can't rely on things like nickel."
"The batteries they're making now are low-grade lithium metal. You don't need nickel, cobalt, graphite, They're out the window."
"You want batteries made out of common materials so billions of people can use it."
WOMB TO TOMB EXAMINATION OF NET ZERO
"Look at the whole system if you're trying to eliminate global warming."
"The Chinese are saying 2060 and India is now saying 2070. What does that tell you?"
"There's zero chance that the twelve major automakers will find enough nickel to make their batteries."
"The amount of metal we need doesn't exist currently in a way that's green or sustainable. It's apparent to any readily intelligible person."
"How can we stop burning coal and oil and not have an energy transition?"
TWO COMPETING PARADIGMS
"We have two competing tribes. One tribe says 'I want to save the world, I'm green, I need cobalt, nickel, platinum, or palladium'. The other tribe says 'Holy shit, the Army/Navy wants these metals for national defense.'"
"The intensity of metal demand in conflict is beyond your wildest imagination. In WWI you needed a telescope to see the price of copper."
"So we're heading to a world where both tribes have a strong demand for more metals. We're balkenizing the world into two camps and its tearing the global supply chains apart."
A VERY DIFFICULT TIME
"It does appear that the world is warming, and there's zero chance we'll reduce that. The question is how bad will it get?"
"I was in CA recently, it was $6.20 per gallon. The average citizen is pissed off."
"I agree with Jamie Dimon that this is the most dangerous time since I've been alive."
"The Fed are idiots. They told us that inflation was over. And it's not even close."
WE NEED TO REINVENT THE MINING INDUSTRY
"First of all, we have to try to mine in the United States. No intelligent person has tried to do that in the last few generations."
"Everything is blown out of proportion because mining is viewed as a bad thing."
"We also have to determine what metals we actually need for the future. Which is copper."
"Imagine you're plugging an EV w/ 1MW charger. Our grid is literally a 110 year old lady waiting to die. The Chinese tell me it will take $21T to rebuild the electrical grid."
"Our grid is like balancing a pencil vertically on your palm. There's no storage there."
"The symbol of the US, the bald eagle, is flying into offshore windmills. They're just chewing them up. Who wants to live near them? They're very low density."
"At least real miners know how hard it is to actually find metals and mine it."
ENERGY CONSUM[...]
RT @elanmoritz: Thank you @marketplunger1 Beylo, great #summary on #critical aspects of #mining and #metals✔️✅🎯🍀"
Robert Friedland (@robert_ivanhoe) is one of the most important voices in Metals & Mining.
When he speaks, we should listen.
He recently gave a 40-minute speech on Green Energy, Electrification, Metal Scarcity, and more.
Here are my notes from the talk 👇
WHAT DOES "ENERGY TRANSITION" MEAN?
"You have a billion people that burn firewood to live. They have no access to electrical energy."
"We're burning more coal and more oil today than in the history of the world."
"We spent $4T putting up solar panels for hydrocarbons to still capture 83% of energy source."
"You're not going to stop global warming by buying an electric car."
ON ELECTRIC CARS & EV BATTERIES
"With current lithium ion technology, the destruction we cause, the global warming gas we cause, we might as well sit on our chairs and do nothing."
"You just bought your wife a coal-burning car by buying an EV."
"The current generation of EV batteries will be toast in 2-3 years."
"I would short every lithium company in the world."
"We're going to kill the lithium hydroxide business over time."
COMMON METALS VITAL FOR TRANSITION
"If we're going to have a transition, we need common and abundant materials. We can't rely on things like nickel."
"The batteries they're making now are low-grade lithium metal. You don't need nickel, cobalt, graphite, They're out the window."
"You want batteries made out of common materials so billions of people can use it."
WOMB TO TOMB EXAMINATION OF NET ZERO
"Look at the whole system if you're trying to eliminate global warming."
"The Chinese are saying 2060 and India is now saying 2070. What does that tell you?"
"There's zero chance that the twelve major automakers will find enough nickel to make their batteries."
"The amount of metal we need doesn't exist currently in a way that's green or sustainable. It's apparent to any readily intelligible person."
"How can we stop burning coal and oil and not have an energy transition?"
TWO COMPETING PARADIGMS
"We have two competing tribes. One tribe says 'I want to save the world, I'm green, I need cobalt, nickel, platinum, or palladium'. The other tribe says 'Holy shit, the Army/Navy wants these metals for national defense.'"
"The intensity of metal demand in conflict is beyond your wildest imagination. In WWI you needed a telescope to see the price of copper."
"So we're heading to a world where both tribes have a strong demand for more metals. We're balkenizing the world into two camps and its tearing the global supply chains apart."
A VERY DIFFICULT TIME
"It does appear that the world is warming, and there's zero chance we'll reduce that. The question is how bad will it get?"
"I was in CA recently, it was $6.20 per gallon. The average citizen is pissed off."
"I agree with Jamie Dimon that this is the most dangerous time since I've been alive."
"The Fed are idiots. They told us that inflation was over. And it's not even close."
WE NEED TO REINVENT THE MINING INDUSTRY
"First of all, we have to try to mine in the United States. No intelligent person has tried to do that in the last few generations."
"Everything is blown out of proportion because mining is viewed as a bad thing."
"We also have to determine what metals we actually need for the future. Which is copper."
"Imagine you're plugging an EV w/ 1MW charger. Our grid is literally a 110 year old lady waiting to die. The Chinese tell me it will take $21T to rebuild the electrical grid."
"Our grid is like balancing a pencil vertically on your palm. There's no storage there."
"The symbol of the US, the bald eagle, is flying into offshore windmills. They're just chewing them up. Who wants to live near them? They're very low density."
"At least real miners know how hard it is to actually find metals and mine it."
ENERGY CONSUM[...]
Brandon Beylo
MinTwit!
What is your favorite junior gold/silver or copper producer and developer?
I’m searching for either current production or expected production within 12-24 months.
#mining #commodities
tweet
MinTwit!
What is your favorite junior gold/silver or copper producer and developer?
I’m searching for either current production or expected production within 12-24 months.
#mining #commodities
tweet
Offshore
Photo
Brandon Beylo
It takes 29 years to develop a new mine in the United States.
But yes, we'll have the metals we need to achieve Net Zero by 2050.
And we'll do it without China's help.
Lol.
#mining #commodities https://t.co/g9Z3cgtf7L
tweet
It takes 29 years to develop a new mine in the United States.
But yes, we'll have the metals we need to achieve Net Zero by 2050.
And we'll do it without China's help.
Lol.
#mining #commodities https://t.co/g9Z3cgtf7L
tweet
Offshore
Photo
Brandon Beylo
RT @marketplunger1: It takes 29 years to develop a new mine in the United States.
But yes, we'll have the metals we need to achieve Net Zero by 2050.
And we'll do it without China's help.
Lol.
#mining #commodities https://t.co/g9Z3cgtf7L
tweet
RT @marketplunger1: It takes 29 years to develop a new mine in the United States.
But yes, we'll have the metals we need to achieve Net Zero by 2050.
And we'll do it without China's help.
Lol.
#mining #commodities https://t.co/g9Z3cgtf7L
tweet