Key wind industry metals facing supply deficits this year — BloombergNEF
“Of immediate concern is the supply of several key metals, including copper, lithium and aluminium, that face supply deficits within this decade – “some as soon as this year”, according to the latest Transition Metals Outlook report.”
[COMMENTARY] In countries like Canada, building a new mine usually takes 12-17 years after ore body discovery. Well-considered environmental and land ownership regulations and disputes are frequently the reasons for this.
In many developing countries, it takes less time but there’s often the issue of political risk — such as mine confiscation! Who wants to build mines with such risks and timeframes? That’s why, for instance, we are ‘happy’ with child labor being used in the Congo for our cobalt supplies, etc. Should ethics be discarded for net zero attainment? It is presently and looks to continue!