Some interesting comments by a mining expert at a conference in Norway. Mark
Mills, a senior fellow at the Manhattan Institute with an early background in
mining suggested that targets for electric vehicles and deadlines for the end of
sales of internal combustion engines cannot be met because the mining industry
cannot deliver the minerals required. He said the mining industry throughout time
has never managed to increase production at more than 10 per cent per annum
yet the demands required under projections envisaged by the EV industry would
require mineral production increases in some cases as high as 7000 per cent a
year. He went on, an EV requires 400 percent more metal and minerals to a
conventional car and that people ‘are suffering some modest delusion about what
the possibilities are in the mining sector’. I’m David Berthon

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