Inflation, metals pricing and availability may challenge energy transition: Mines & Money

The words of Petur Georgesson and Michael Hollomon resonated with the audience when discussing the winners and losers of battery metals in the coming year of 2022. The captivating discussion that followed on the 1st of December 2021 in the Mines and Money London conference was one that struck a note and begs listeners to keep an eye out and make informed decisions.

"A sustained period of inflation and rising production costs are set to pressure supplies of key metals needed for the energy transition, and may lead to the need for governmental intervention, speakers at a Mines and Money conference said Dec. 1.

Mining sector inflation is typically higher than general consumer inflation rates - partly due to the rising capital intensity of bringing new capacity on stream due to ESG issues - and event participants were generally bullish on metals prices.
[...]
Petur Georgesson, CEO, director and founder of TM2, a technology metals trading platform, told delegates that demand for battery metals "is going to vastly outstrip supply for a long time to come," while Michael Holloman, CEO and director of Missouri Cobalt, indicated there may be some doubt as to where the 100 or so gigafactories being built will be able to source their raw materials."

Read the whole story here.