Even those who don’t follow mining or invest in it could probably tell you that a global energy transition will mean the world is going to need a lot more copper.
Carmakers may have to consider investing directly in cobalt mines in order to secure supply over the next three to five years, according to ord Motor Co. senior manager for energy storage strategy and research Ted Miller.
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.
Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.