Monday, April 18, 2022

International suicide-----Energy transition in agony - Irina Slav on energy

Energy transition in agony - Irina Slav on energy link
"Lithium prices have soared by close to 500% over the past year. 
Stocks at the London Metals Exchange have dropped to the lowest since records began in 1997. 
...According to a recent report by the Financial Times, LME inventories of aluminium, copper, nickel, and zinc have dropped by as much as 70% over the past 12 months
...The EU is eyeing higher wind and solar targets to reduce its use of Russian hydrocarbons. 
  • The UK plans to have 50 GW of offshore wind capacity within eight years and increase solar capacity fourfold from the current 14 GW by 2035. 
  • Would anyone care to guess how many copper or iron ore mines there are in the EU and the UK?..."

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