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World & Business

Copper shortage warnings and the mining demands of global growth

A post quotes a warning that maintaining 3% global GDP growth would require mining as much copper in 18 years as in the previous 10,000—even without electrifying the world economy. It uses that claim to criticize net zero.

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2 Sources, 18d ago, first seen 18d ago

TLDR

Robert Friedland claims governments are buying copper as a proxy for money without reporting it, according to a post quoting him and crediting Bloomberg. He argues that nobody can calculate the supply-demand balance for these metals.

A separate post quotes a warning that maintaining 3% global GDP growth would require mining as much copper over 18 years as over the previous 10,000, even without electrifying the world economy. Its author uses that warning to condemn net zero.

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19.3K

2 Sources, first seen 18d ago

132 likes9 comments23 saves26 reposts

Combined views

19.3K

2 Sources, first seen 18d ago

132 likes9 comments23 saves26 reposts

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2 Sources

@CEOTechnicianRobert Friedland on the World's Monumental Shortage of Copper https://robertsinn.substack.com/p/robert-friedland-on-the-worlds-monumental Via @Bloomberg: "What’s happening is governments are buying copper metal as a proxy on money, and they’re not reporting it. Nobody can calculate the supply/demand balance on any of these metals. For example, we’re seeing all these statistics that China is buying gold all of a sudden. And they’re not buying our Treasuries, they’re selling our Treasuries…. ….we’re at an inflection point now where this is all being exposed and everything is becoming naked and available to global scrutiny.” ~ @robert_ivanhoe $BHP $FCX $IE $IVN.TO $RIO $SCCO
@dale_wen“We need to mine as much copper in the next 18 years as we did in the last 10,000 years, just to maintain global 3% GDP growth without the electrification of the world economy…” The copper shortage alone shows the total madness of net zero.
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    2 Sources

    @CEOTechnicianRobert Friedland on the World's Monumental Shortage of Copper https://robertsinn.substack.com/p/robert-friedland-on-the-worlds-monumental Via @Bloomberg: "What’s happening is governments are buying copper metal as a proxy on money, and they’re not reporting it. Nobody can calculate the supply/demand balance on any of these metals. For example, we’re seeing all these statistics that China is buying gold all of a sudden. And they’re not buying our Treasuries, they’re selling our Treasuries…. ….we’re at an inflection point now where this is all being exposed and everything is becoming naked and available to global scrutiny.” ~ @robert_ivanhoe $BHP $FCX $IE $IVN.TO $RIO $SCCO
    @dale_wen“We need to mine as much copper in the next 18 years as we did in the last 10,000 years, just to maintain global 3% GDP growth without the electrification of the world economy…” The copper shortage alone shows the total madness of net zero.
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