Can Environmentalists Handle the Truth about Mining? – by Jack Lifton (Investor Intel – July 13, 2021)

https://investorintel.com/

Solar panels and wind turbines cannot even begin to supply the concentrated
power needed for smelters, steel furnaces, copper refining, aluminum
production, and myriads of other energy intensive necessary processes.

The recovery of the amount of non-fuel natural resources necessary for the world, or even just the USA, or the EU, or China, to go “green” would simultaneously entail the construction of a massively enlarged minerals processing industry the likes of which the world has not seen since the creation and growth of the steel industry, which is and will remain the structural backbone of our civilization.

Much of the sourcing and processing infrastructure that is needed for its own domestic consumption of natural resources has already been accomplished by China.

But for the rest of the world, such resource recovery and processing onto useful forms at that “greening” scale would require the diversion of a significant percentage of national GDPs for decades.

Such an allocation of capital would mean a realignment of class structures notably the obscene enrichment of an elite industrial ownership class in the USA and the EU, and a lower standard of living for most of their populations as energy in vast amounts would have to be more and more devoted to mining, refining, and manufacturing, and the costs involved when passed down to consumers would be all-consuming.

The resources necessary for greening the world are simply not available.

For the rest of this article: https://investorintel.com/markets/technology-metals/technology-metals-intel/can-environmentalists-handle-the-truth-about-mining/

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