copper

“An EV, as you probably know, requires about three X copper, three X mass of copper, than an equivalent internal combustion car.”

“By our estimates, We need roughly five trillion dollars of new discoveries of copper, and this is, I mean, we'll come back to the, what I mean by discovery, well, let's keep going but new discoveries of copper just to fully electrify the light duty vehicle fle…”

“We'd order it as nickel followed by lithium followed by cobalt followed by copper.”

“The new discoveries, about three trillion, or maybe four trillion, as opposed to five trillion. So it's actually on the same order, like the market opportunity for new lithium discoveries is about the same order of that as copper”

“It's an order hundred billion dollar market.”

“They said they had to be electric cars, but electric cars are two and a half times more copper.”

“Well, I think that even with what we said, wildly optimistic assumptions, you don't get there, and if you continue at the rate we are in terms of mine development, efficiency of mines, and recycling, you end up with quite a big shortage, which would be a real …”

“We're back to China, where 42% of world copper is smelted.”

“The general number is that the world consumes roughly 28 to twenty-nine million tons of copper a year. Of those, Something like 5,000,006 million come from recycling or scrap, or there's a recovery of copper around that, that helps you. But in general, what is…”

“So roughly China consumes 12 to 15 to thirteen million tons of copper per year. The U.S. Around one point into two million tons. And then Germany, Japan, and developed nations consume roughly a million tons per year.”

“We need it for transmission lines, in solar and wind projects, three to five tons per megawatt, actually.”

“Roughly 50, between 45, 55% of the smelting capacity in the world, so companies that purchase the concentrate and smelt it, are in China.”

“Today, about 80% of the copper is produced through concentration, because it comes from copper sulfides, and only 20% comes from copper oxides, and those are processes through hydrometallurgy.”

“But just to contextualize the scale of the challenge here, we mine around five times as much copper as we do those other three minerals, lithium, nickel, and cobalt combined.”

“45% of the copper in the world is used in the grid or in electricity or any application that it's either in the production or the transmission of electrons, or the use of those electrons.”

“So Escondida, which is the largest copper mine in the world, produces all by itself a million tons of copper, a little bit more than one million ton of copper tons per year. That is roughly all the production of the U.S. Just produced by one asset.”

“The amount of copper that will be required in the next 30 year shale is roughly the amount of copper that humanity has produced all over history.”

“And especially in EVs, like really in, in electric vehicles, they use like two and a half times as much copper as a traditional internal combustion engine vehicle does.”

“The main producer of copper is chile. And I'm Chilean, and we're based in Chile as a company. And Chile produces roughly one-third of the copper. Peru produces another 10% of the copper. And the rest of the Americas, that's US, Canada, Mexico, produce roughly …”

“The largest producer of copper in the world is, there's a tie. So last year there was a change in the ranking. It was usually was Codelco, which is a state-owned company, a Chilean state-owned company. Codelco was the largest producer of copper, and last year …”

“Now in something like sea floor massive sulfides, The grade can be 10 times as high as a typical terrestrial copper mine.”

“There's enough copper to build 2.6 terawatts of wind capacity.”

“The Duluth complex actually where New Range is located, which is in northeastern Minnesota, contains 95% of America's nickel, 88% of Cobalt and 33% of our copper.”

“It's a much smaller market than any of the others I just mentioned, I should note, but the demand growth trajectory is also steeper, and it's got all the makings of a super volatile commodity landscape.”

“Where the substrate metal foil that the negative bread is attached to, usually in lithium ion, has to be copper. In sodium ion, it can be aluminum, and that's lighter, it's cheaper it has some other benefits that we can get into later, but apart from all of th…”