https://www.youtube.com/watch?v=25G4BcioPjE&t=180s&ab_channel=JoeScott
Very informative. Almost too much to keep up with. (a lot of authentic facts)
Thanks joj!
The sales of electric cars are booming, but the rising demand for transition minerals will pose a challenge for the mining industry.
https://www.mining-technology.com/analysis/concerns-for-mineral-supply-chain-amid-booming-ev-sales/
Another challenge for the future supply chain is that unlike some fossil fuels, many of the minerals essential for EVs are produced in just a handful of countries. Over half of the supply of minerals needed for EV batteries comes from the top three producing countries.
In 2020, Australia was responsible for 48% of global lithium production. For graphite, China is the world’s main supplier, with nearly 79% of global production originating from the country. In the same year, the Democratic Republic of the Congo (DRC) supplied 69% of global cobalt.
With regards to rare earth metals, China has most of them!
https://www.statista.com/chart/18278/global-rare-earth-production/
https://geology.com/articles/rare-earth-elements/
Note the amount of reserves below:
World Mine Production and Reserves | ||
| Country | Production (Metric Tons) | Reserves (Metric Tons) |
| United States | 38,000 | 1,500,000 |
| Australia | 17,000 | 4,100,000 |
| Brazil | 1,000 | 21,000,000 |
| Burma | 30,000 | not available |
| Burundi | 500 | not available |
| Canada | -- | 830,000 |
| China | 140,000 | 44,000,000 |
| Greenland | -- | 1,500,000 |
| India | 3,000 | 6,900,000 |
| Madagascar | 8,000 | not available |
| Russia | 2,700 | 12,000,000 |
| South Africa | -- | 790,000 |
| Tanzania | -- | 890,000 |
| Thailand | 2,000 | not available |
| Vietnam | 1,000 | 22,000,000 |
| Other Countries | 100 | 310,000 |
| World total (rounded) | 240,000 | |
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China Dominates the Rare Earths Supply Chain
++++++++++++++++++++++++++++++++
Fossil fuels are their own batteries. The energy is stored in them.
https://wattsupwiththat.com/2023/01/05/the-wind-power-mirage/
