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KC Erasmus's avatar

Germany must be joking, Donetsk and Luhansk form the Donbas, in what was previously the Ukraine, but are no longer, and are now annexed and form part of the Russian Federation, and Russia has a firm grip on the region, something that will not easily change, even in a global war.

I saw an interesting statistic yesterday which coincides with this video, which confirms that 70% of all rare earth metal reserves are held within the BRICS countries, with China being the global leading refiner of rare earth metals.

Duncan Wanblad, CEO of Anglo American Corporation, a major mining company, in a statement two years ago, said that a hundred new Copper mines had to be developed, within the next five years ( from date of his statement ) delivering equivalent production to that of the existing Average Copper mine, in order to meet global needs.

To the best of my knowledge, I know of two new Copper mines under development.

The insanity of the supposed "Green Energy Revolution", being that on the one hand activists are demanding the switch to development and consumption of Copper and other rate earth minerals, for "Green Energy", but on the other hand are resisting the development of many of the new open pit mines, required to produce these minerals.

This effectively means that the left hand is preventing the right hand from achieving the transition to "Green Energy".

Lena Petrova's avatar

Thank you for adding these very interesting details!

KC Erasmus's avatar

Thank You Lena.

Would you consider doing an episode on your channel in which you compare the debt in $ of each of the G7 countries, and total debt sum, as well as showing their Debt to GDP ratio's VS the same criteria for the BRICS countries?

Muhammed Ahmed's avatar

Your information is highly benificial to keep our vision to view beyond the horizon.

Gene ONeill's avatar

Lena very interesting piece I just saw it on YouTube. Unfortunately for geopolitics we could well have a possible BRICS world against the fiat currency based world for global minerals that's if the fiat currencies are worth anything by then. It's a gloomy prospect.

Hans Verbeek's avatar

Many countries want to replace fossil fuel powered electricity with nuclear power. The demand for uranium could double in the next decade. The price for uranium rose sharply and almost doubled last year. Can supply of uranium keep up with the rising demand?

AshK's avatar

Good article. The situation is deceptive, though. Due to the disenchantment with electric vehicles, the demand for lithium is currently down--enough so that Australia's Core Lithium has announced suspension of a mining project.

If you're inclined to invest this would be a good time to start watching lithium ETFs (like LIT) and the various lithium mining companies. Watch for the crossover of short moving averages over long-term moving averages as a time to put on a position.

The US has really gotten itself into a pickle over these "sustainable energy" minerals.

Tom 123's avatar

Tom continue the population in the west will be poorer so then there is less consummation.

Long Beach Ca. port is empty no China vessels also treasury purchases are none ,just a show ,also

2024 seven Trillion dollars pulse another 1.5 trillion ( interest ) treasuries have to be sold with no buyers

My opinion by 2 or third quarter 2024 ,the dollar/system will go down ,that's why they are desperate

for a all out War .

Thomas

Tom 123's avatar

First I concur with the comment of KC Erasmus ,mining takes a lot of energy (0il ) then processing the dirt and rock (more oil/gas ) it could never be done using solar/wind and how would planes fly the

green agenda billionaires to their green agenda/Divos meetings ,there agenda is not about green it's

about depopulation.

The BRICS + will control most of the energy and most elements in the world from Raw materials ,

processing , manufacturing and consumers yes consumers ie China will have 300 million more middle

class people within 5 yrs. ,the plan is to bring the global south over 6 billion people China/India 3 billion alone towards new consumers ,the people in the West USA inc./Canada/Europe negative birth

rate ,die off ,elimination of the middle class will not be able to compete with the East ie high energy cost ,lost talent ( smart one will move to the East where there will be better opportuneness , migrants

population will fill up the WEST. China and other countries