The age of electricity

According to the Paris Climate Agreement, CO2 neutrality is to be achieved by 2050. Coal, gas and oil will then have had their day. This will require many raw materials. Electric vehicles, solar systems, data centers, charging stations, wind power and heat pumps are on the rise and are devouring metals and raw materials such as lithium, cobalt, zinc and copper. According to an analysis by the International Energy Agency (IEA), fossil fuels will peak at the end of this decade. Demand for oil, gas and coal is still rising, but after the peak, demand for these fossil fuels will fall. Renewable energies and batteries to store this energy independently of the sun and wind are the future.

Energy security is a major issue, and the global energy crisis has shown just how vulnerable it can be. The importance of functioning supply chains should not be forgotten. And these are threatened not least by extreme weather events such as heatwaves, floods, droughts and storms. It is clear that limiting global warming to 1.5 degrees will not be easy. In this respect, the world has not yet got its act together. Some raw materials could become scarce, such as copper, as it is the metal of electrification and therefore also of the energy transition. According to a study, more copper will be needed by 2050 than was consumed between 1900 and 2021. The majority of analysts are therefore positive about copper as a raw material.

Copper and zinc as well as gold and silver are the business of Foran Mining – https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ -. The company has several properties covering more than 125,000 hectares in Saskatchewan, Canada, in the Hanson Lake District, along the deposit-rich Flin Flon Greenstone Belt.

Current company information and press releases from Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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