Minerals
Re-wiring the world to achieve carbon neutralisation goals, power new manufacturing capabilities will require an order of magnitude more minerals. Harder to find. Costly to exract and process.
Source: US Geological survey, Mudd (2009), Brook Hunt, UBS, IEA calculations, Bloomberg NEF, UNECE (2021). “Life Cycle Assessment of Electricity Generation Options” - United Nations Economic Commission for Europe.
Cu requirements for the global grid ca. 8x as much as wind turbines, solar panels and energy storage combined, and 1.5x the amount of copper for EV fleet.
The next generation of copper mines will not only have less copper but sharply declining grades.
Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%.
Source: S&P, Mining Intelligence
We:
Operate under our mandate a lucrative tech-enabled discovery and extraction operation of Cu and other rare minerals.
Engaged to develop the business’ strategy and value chrystalisation scenarios for the multi-billion dollar enterprise.