Why Mining Giant Rio Tinto Is Benefitting From The EV Boom
Copper mines, like this one in Utah, are on the frontline of America’s transition to clean energy. This site, owned and operated by mining giant Rio Tinto, produces roughly 200,000 metric tons of copper annually - with room to grow. Global demand for copper, a major component of EVs, is expected to almost double from 25 million metric tons to nearly 49 million metric tons by 2035. But miners face a multitude of issues as they ramp up production, not least of which includes mitigating environmental damage, addressing the concerns of the local stakeholders, and operating in remote regions of the world.
Based in the UK, Rio Tinto is one of the world’s largest mining companies with projects in 35 countries. In addition to its 17 iron ore mines in Western Australia that produce material used in steel, its products include aluminum, diamonds, and boron, a component in fertilizer and smartphones. Historically miners have been known for their environmental impact but today are increasingly recognized as crucial players in the transition to green energy. So what is Rio Tinto doing to ramp up production of its critical minerals business and how will China’s economic slowdown impact its iron ore sector? CNBC got a behind the scenes look at Rio Tinto’s Utah operation to find out.
Chapters:
0:00-3:02 Intro
3:02-6:25 Chapter 1 Kennecott
6:26-8:36 Chapter 2 History
8:37-10:58 Chapter 3 Mining challenges
10:59:13:30 Chapter 4 Automation in mining
Produced and Shot by: Shawn Baldwin
Edited by: Darren Geeter
Supervising Producer: Jeniece Pettitt
Additional Camera: Katie Brigham, Magdalena Petrova
Animations: Christina Locopo
Narrated by: Robert Ferris
Additional Footage: Getty Images, Rio Tinto
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Why Mining Giant Rio Tinto Is Benefitting From The EV Boom
Increasing demand of copper is not a just result of EV boom, its a result of increasing electrification in everything. That includes energy transition, industrialization, semiconductors and electricity consumption in general. It is very wrong to say the EV boom is the only reason responsible for the increased demand of copper. The EV industry is still very far from driving up the copper prices alone.
It's clean energy "excavates a whole ecosystem"
The only good thing about mining is the paycheck. Spend 8 weeks alone away from everyone, but then you see the $8000 every fortnight, and it makes it alright 😂
the northern parts of california and nevada have huge deposits of rare earths they are not allowed to mine for due to environmental impact. sound familiar.
Mined by diesel guzzling machines, lol! I wonder how much fuel they burn in a year?
small price to pay
they do reclaim the land after they are done. But yes ecosystems are destroyed "temporally" for like 50 yrs
BHP is also benefiting in a huge way. They've bought all of the copper mines in South Australia and have many more already.
I live just down the road from the Rio Tinto mine in Utah. Ironically they are one of the largest contributors to air and ground water pollution in the state. “green energy” my eye, you are just moving pollution somewhere else.
I was born in Salt Lake in 1964 Kennecott mine has been a big polluter my whole life! Also remember big shutdowns and laying off employees too before Rio Tinto
Like it or not, the problem you have in essence is that no mining is every going to be environmentally friendly. It will ALWAYS have a cost. The issue is how to minimize those costs. Going to be honest I am familiar with the area where the mines are at. It really is one of the better choices for having a mine for copper etc. Wasatch watershed is not drinkable unless its from the mountains and the actual mines themselves are in the mountains on the eastern side of the frontal range is it is highly unlikely to cause polution that is a problem for the general populace. The bigger issue is the smelting of the material and that I agree is a problem giving how air tends to stay stale in the valley without an storm front moving through which doesn't really happen much in the summer.
@@danielkerber8667 not to mention you're tearing down a mountain to obtain the ore. it is a ugly eye sore that has only got worse in my lifetime.
@@justlucky13You were also polluting that entire time.
You probably haven't seen the Inversion/Pollution/Smog that plages the Salt Lake valley in winter from Kennecott the biggest polluter I'm not an Eco protester nut job I know that I leave a itty bitty footprint does not compare at all I do live the Leave no Trace Theory and leave it better than I found it@@David-wc5zl
It is weird that the US doesn’t have any domestic large scale mining companies. They’re all foreign owned operating in the US.
#1 in Canada
We all want made in USA products but don’t it actually made here. Not just copper but a lot of materials. Big one is sugar, nobody wants Chinease sugar but at same time people are trying to put the sugar industry here in US out of business.
Idk, sure does look Luke there mining in utah.... that's about as domestic made product that you can get. The fact the parent company is foreign doesn't really matter does it.... they employ us worker, on us soil, that they bought with us dollars, and pay usa taxes.... sounds pretty in-house if you ask me.
In return the us has the largest militaries in those counties, win win.
There is a beautiful trail behind kennecott copper mine in Utah, you can drive the entire way, this takes you to the top of the mine and gives you an amazing view to this installation and also mesmerizing views over the wasatch mountain's and adjacent cities
RIO would never consider paying employees more to attract new talent. You need more workers, pay more.
The map at 2:06 misses the fact that Rio-Tinto is an Anglo-Australian company (only UK is highlighted), and has joint headquarters in London and Melbourne. It is the world’s second largest mining company behind BHP, which is also headquartered in Melbourne.
Its main headquarters are in London. That is where they pay tax on their global profits.
Who cares
Both companies make their biggest revenue in Western Australia.
Who is the largest shareholder?
Lmao anglo Australian? As opposed to what abo- Australian? Like they have any economically successful companies.
Rio Tinto is an Australian-British multinational corporation, not just British some of the best open cut mins in the world come form Australia
thats assuming Australia actually exists
Rio Tinto are total grubs.
Wow, this is what "Green" looks like, I would never known.
😂😂😂
Green alright look at all the smoke coming out of the rock trucks!
My current boss is a former employee at the largest mine in the US. The Morenci mine in Az. He was a new infrastructure engineer for 13 years out there, started as an intern while in college. He is the most intelligent, well versed professional I have ever met. He left the mine because of the harsh realities of living in the middle of nowhere as stated in the opening statements of this video.
That is crazy as hell. I wish my boss was that smart and well versed but it sounds rare. Very cool comment. Thank you for the insight!
“Clean energy” lmao
Kennecott is a massive industry in utah. My grampa was a welder for them (he once welded his supervisor into his truck when he decided to sleep in the cab while everyone was outside freezing). It's crazy to see its greater impact.
There are engineering solutions that can drastically reduce copper requirements. If copper costs enough for long enough, companies will change their designs. For instance, communications throughout a vehicle can be multiplexed onto a single pair of wires. Need more power transmitted on less copper? Increase the voltage. Hell, communications can actually be multiplexed onto power lines too! There are practical limits of course, but we are nowhere near them. Even the issue of mining enough lithium is solvable. There is a lot of lithium available, but processing some of it is rather nasty and expensive. But there is a lot of R&D currenting working on sodium based batteries. Sodium has more free electrons in its outer valence, meaning one atom could theoretically store more power, offsetting it's higher mass by increasing energy density. Sodium is incredibly abundant and found in every drop of the ocean water. Switching to sodium could actually reduce cost and eliminate at least one of the mining bottlenecks in EV adoption.
Boring
South African here, Rio Tinto has mining operations here as well. Damaging our prestine indigenous coastal environment. I thought it was an Australian company not British.
It's dual listed on both the London and the Australian stock exchanges and headquarters in both.
@@exploreformore3784 Thank you for that information.
Ownership is global now anyways.
That's a British Empire thing. Not many big banks or a stock exchange in Australia in 1873. Should be similar for many 19th century South African Companies I would imagine. With serious mining operations, its usually always those big holes to help with safety, environmental runoff, and efficiency. For instance, if a major mining company could get a foothold in the Congo, there would be a big hole rather than locals digging small channels. The big hole would have less problems for the local population for things like heavy metal contamination of the water supply. At the end of the day, any mining operation will be a tradeoff of the benefits it creates verse the damage. If the world is serious about EVs, then this would be the damage that's been deemed acceptable.
Main headquarters are in London - that is where they pay their taxes on all global profits.
Very good! Don't even mention the contamination factor, the humungus amount of clean water those mines use, that's not important at all, praising the company is the good journalism! As a journalist myself I feel like puking right now.
Sure mining has it's issues, but let's not pretend that our current path of using fossil fuels has no problems. At least with EVs the batteries can be recycled and neither solar panels nor wind turbines require fuel to operate. Good luck with recycling car exhaust, and best of luck running a coal-fired power plant without coal.
Yes they're bad. VERY BAD. In fact they're ALL BAD. Probably EVIL !! and that's just cnbc .... As a journalist, you must be impartial. You must take an informed, and balanced view. Are you any of these things?
Read the title. The story is about how the company is benefiting
Lol at the replies to your comment. This is why it's so easy to run businesses. You can shape public perception so easily, because journalists are basically corporate advocates now. You're lobbyists, under a different name.
I am starting to think Climate Change is just a way to reshape the environmental narrative so some things that were never considered environmentally friendly are suddenly 'green'. Natural Gas is a prime example. The emissions coming from a natural gas plant are far less damaging for the environment than replacing its productive capacity with wind and solar due to all the mining required, the large swathes of land that must be cleared, and the various endangered species it kills. But say it's to combat climate change, then suddenly all the environmentalists are OK with cutting down rainforests, and letting whales die.
Dear CNBC the UK is not the whole part island of Ireland as shown start your piece.
I’m sure it’s an oversight but, the UK does not include Ireland. But I’m sure you knew that….
Makes more sense to build new generation nuclear power plants instead of Solar or Wind Turbines.
If it need electrical wiring, it needs copper.
You miss my point. This move to save the planet you want to stop using oil that does very little damage to the surface takes up a very small footprint to get the energy out. However the push to renewables in the form of solar and wind, the same save the planet advocates are willing to dig huge holes in the earth, damaging a much larger area then take up a lot more area to spread solar and wind littering our landscape and habitat. The environmentally astute used to want to protect the same area of earth now covered with solar and wind turbines. A little counterproductive don't you think? Nuclear power takes up much less space, produces more reliable long term energy than so called renewables ever will. Not to mention keeping used wind turbine blades and solar panels out of the landfills. You don't think of that do you? @@yrr0r244
Nuclear or renewables, copper is needed. Tell me you're clueless without telling me.
Did I, at any point, say Copper is not needed? Digging more holes for more copper because of solar and wind turbines is not needed. Nuclear Power fills the power need with out having to dig more holes as the existing Copper mines would be able to fill the existing demand for Copper @@-_MR666_-
The mining area looks fantastic when filmed from a drone
Why does the stock seem to go nowhere ?
The Spanish name of Rio Tinto Company born in south Spain in the original mine Rio Tinto in Huelva/ Andalusia
Ancillary companies like Tega industries which provides liners in copper refinery will grow tremendously thanks to EVs without any risks which will be taken by mining companies like facing government and environment regulations, ire of local population and environmental activists.
Where are the " clean energy " peoples in this comment section? Nothing of this is clean. When your own CEO resigns because of the bad company practices , it tells you alot about the real cost of your Tesla and EV's.
Looks like a greener america to me.
"I'm gonna go get the papers, get the papers."
copper can be recycled forever its a demand but when mining meets demand the mines will start closing the same for lithium
Just like aluminium, but historically as economy grows, industrialization expands in the world and population grows we had to not just keep mining but increase the rate of production to be able to meet demand. You just need more stuff to improve standard of living
Why not use solvent extraction to refine copper. Not so energy intensive as a smelter
Don’t tell EV buyers that the Utah site burns in excess of 70,000 gallons of diesel a week to make this happen.
I would've thought a lot more than that. You see how big those trucks are?
I believe the mine uses 10k gallons a day.
Don't blame EV blame Rio Tinto, there are cleaner options they aren't using
Green energy is a joke 😂
I'm a fan of EVs and I don't see the problem. We're still early days of EV adoption. EV mining equipment already exists and is gradually spreading. And actually if you're mining on the top of a mountain, the mining can actually generate electricity by letting the movement of ores off the mountain and into the valleys to generate electricity. We need to mine a lot of resources to shift the economy and mining locally is better than trying to get resources out of hostile countries in the middle east. Also, eventually, because most of the contents of an EV are highly recyclable, the loop will close and significantly less mining will be needed. That'll take decades though as the first generations of EVs are still on the roads.
I mean one of my main goals is to be able to put the rotation weight back and try to figure out the in between spreads of some of these other ones to make sure they're growth is coming back and not being taken out and being atmosphere against them
nice scenery
Wow it looks so Eco friendly by destroying the environment 🤦🏻♀️
With all of the products that contain copper made over the years there should be enough recyclable copper to keep from having to mine so heavily. Same with other metals as well. We need to stop trashing items that contain these metals and increase recycling. The need for raw material will be lessened.
Most of the copper produced today is already being recycled. It's much cheaper to recycle copper than to produce new copper. If there's money in it, someone will find a way to do it. At the same time, new copper is produced because we consume more and more of it.
Anyone who thinks that recycling will reduce the need to mine f’cking everything 10X is deluded…. I’m trying to be mildly nice here, so help me out and do some research before saying that diatribe out load… I could give a lengthy rundown on reality and logic, but that that would take all the fun and Real Satisfaction you will get in uncovering the facts for one self… Best I could do!! Cheers
Circular economy is the goal but currently we need more copper than has ever been mined to transition away from fossil fuels. Even then recycled metals inevitably contain contaminants that freshly mined and refined metals do not. For example recycled aluminium is usually the lowest quality available and only good for drink cans and non precision products
What do you research to come to that conclusion?
This is what they call protecting the earth through EVs. 😅
It’s a paradox but we need to mine a lot more to spare the world of climate change’s worst effects. If you do you the research, you’ll find the life-cycle carbon emissions of EVs are much lower than ICEs.
Interesting that you do not acknowledge that its Headquarters are in Melbourne, Australia, and that this is an Australian / Anglo company, not a London based company. Along with BHP, which is also Headquartered in Melbourne, Rio Tinto & BHP are two of the worlds powerhouses of world mining, thanks to us Aussies.
Google says Rio Tinto is Headquartered in London, Britain. They said in this video that the headquarters is in London. They probably have an operations headquarters in Melbourne, but the main headquarters is in London.
@@tylerhill9483 Google not correct. Check Wikipedia. “Rio Tinto Group is a British-Australian multinational company that is the world's second-largest metals and mining corporation (behind BHP).”” It has joint head offices in London, England and Melbourne, Australia.”
Off their own website - “Rio Tinto is headquartered in London and has a corporate office in Melbourne.” So yea, it’s a London based company with its principal market shares on the London stock exchange. I’m sure you would love to take all the credit though… even though you personally have no stake in the company itself.
No thanks, I live near the Utah mine and they're our biggest industrial pollution source by a huge margin
@@HiThisIsMinethe clown probably even works for them
Pro tip: pennies 1981 and prior are over 90% copper, and only cost you one cent to get 👍
EV is not clean energy - let's get one thing clear .
It’s a paradox but we need to mine a lot more to spare the world of climate change’s worst effects. If you do you the research, you’ll find the life-cycle carbon emissions of EVs are much lower than ICEs.
Rio Tinto's Kennecott copper mine in Utah, the second largest copper mine in the US, produces around 200,000 metric tons of copper annually. Global demand for copper is expected to almost double by 2035, as copper is a major component of electric vehicles. However, the mining industry faces environmental challenges and concerns from local stakeholders while operating in remote locations. As a crucial player in the transition to green energy, Rio Tinto invested more than $2bn to modernise the Kennecott mine and facilities and is trying to open an underground copper mine 60 miles east of Phoenix. Rio Tinto is one of the world's largest mining companies with projects in 35 countries, producing materials such as iron ore, aluminum, diamonds, boron, and copper. Renewable power systems such as wind and solar are at least five times more copper intensive than conventional power, and to meet that demand, Rio Tinto is ramping up production of its critical minerals business. The company is hoping to increase its copper production by 30 to 40% over the next five years and potentially build one of the top ten copper mines in the world.
Every electric motor needs copper
Hey arsenal Radford Virginia do y'all not think y'all should have had information from Congress about some of this stuff
they should partner with Sayona Quebec for lithium mining
Grande Chile ❤
Oh the electric vehicle business is so green 😂
It’s a paradox but we need to mine a lot more to spare the world of climate change’s worst effects. If you do you the research, you’ll find the life-cycle carbon emissions of EVs are much lower than ICEs.
And here you have it,, the real reason behind the push for going electric vehicles... Mining profits
@@phillippereira6468 more like decarbonizing the economy so the human race can continue to comfortably inhabit this planet. But sure, it’s just the greedy miners. They’re so terrible, trying to make money!!
Ev boom that's debatable
so there is an ev boom? I've heard lately from all of you that EV demand is in decline.. weird
That's just GM, Ford, and Stellantis telling their advertisers their talking points.
@@ocampbell1954 why tesla profit margin declining from over 30+ % down to 16% on pushing price cuts to keep up the sales
My thoughts exactly
In decline for legacy car brands who are late to the ev game and therefore they're building subpar evs
Cars in general are on a decline because no one wants to pay out the ass + interest rates are high
Looks so clean. Much cleaner than a small drill hole for oil in the ground. I don’t remember seeing a well hole from space. 😅
It’s a paradox but we need to mine a lot more to spare the world of climate change’s worst effects. If you do you the research, you’ll find the life-cycle carbon emissions of EVs are much lower than ICEs.
Exxon Valdez, Piper Alpha, Deepwater Horizon etc. And yes, you can see the oil fields from space if that's a criteria of cleanliness for you.
@@danl7182 yeah which is a minor blip compared to these mines that emit more co2 into the air and guess what happens to the batteries when they die? They can NEVER be destroyed. So now they’re making huge landfills and warehouses of batteries. Much less clean that fossil fuels. Global warming is a political agenda not a science, obviously. That’s why the Nobel laureate came clean publicly about it.
This was basically a looooong ad for rio tinto
Mines Benefitting from price surge, sure its basic Economics supply vs demand... Do you know how hard it is to get a financing to a mine? Do you know how hard it is to develop and permit a mine? People only see the money end results if that happens and the possible environmental problems... Most of the people dont even know that their cellphone has metals in them.
The juxtaposition at the beginning of the video of the commenter's comment about "transition to clean energy" with the panoramic view of this enormous, ugly, dirty open-pit mine is probably the best "hypocrisy exposed" moment I've seen in a while, as it relates to the EV lunacy. Let's be honest with ourselves: as long as we live in an industrial world, there is no such thing as "green energy." There are only tradeoffs
We need to support American mining companies like Freeport-McMoRan.
You should talk about Pebble mine in Alaska. Greenies killed that one.
That's appropriate because 'EV'S go boom! :)
Those massive tractors & scoopers do that 150 million tons of earth moving at that 1 mine. All to just get a tiny percentage of the copper the electric transition needs. That is millions of gallons of diesel people. Then think how much coal or nat gas is needed to process & smelt that earth to make a ton of copper. Add that up. Your green transition is not green at all.
That's how mining has always been. An awful lot of work, for a small quantity of metal. Whether there's a 'green' transition or not, the world has always, and will always need industrial quantities of copper, unless, of course you want to live a medieval kind of existence. The world has been industrial since the 19th century, and yet whenever a video comes along like this, a lot of people start screaming infantile nonsense about how awful it all is, as if they just started doing it. Please inform yourself about how we got to where we are today. The prosperity, health, and technology that everyone in society seems to take for granted, comes off the back of the incredibly hard work that these people do, 24 hrs a day, 365 days a year, all over the world, in some pretty unforgiving environments. I care about the world, but caring about anything is meaningless if you don't understand the whole picture.
British companies now control Africa’s key mineral resources focusing on key minerals and metals such as gold, platinum, diamonds, copper, oil, gas and coal. 101 companies have mining operations in 37 sub-Saharan African countries. These companies, which are mainly British, now control an identified $1.05 trillion worth of resources in Africa in just five commodities - oil, gold, diamonds, coal and platinum. Of the 101 LSE-listed companies, one quarter are incorporated in tax havens. A determination to plunder the natural resources of Africa is taking place, with the active support of the British government; this is contributing significantly to a net drain of resources from Africa, already the world’s poorest continent.
Great company to work for thats for damn sure
It boggles the mind
Wait until all these environmentalists find out that all these green companies are subsidiaries from oil companies 😂
Oh yeah? Name em’
@@awood91 name a company and I can name their parent company.
@@mtorres3097 Well mega mining companies like BHP, Rio, Glencorp, etc have no oil or gas production and oil companies hold almost none of their stock. I would suggest that if you want to push a conspiracy theory, you should check your facts first.
@@Dave_Sisson dude bhp extracts oil and gas too. They have oil platforms in a many parts of the world. Glencore is also part of the oil industry. 🤣
@@mtorres3097 You are rather out of date. BHP offloaded their oil and gas resources to Woodside years ago. These days they have very little involvement in the field.
When mining shares go down, they stay down for 100 years
This actually feels lil bit ironic. To develop green energy, we need to destroy the environment. 😐
The irony of this is hilarious
To me it looks like most everybody is in some of these bigger things Y'all cells responses or contracted between the different spreads so administrations always seeing money and always seeing leasing rotations instead of being able to like production bonus with sales down to your employment so more than likely if that would have been correct you might not have had as big a deal out of it but looking at it you're going to have a big deal out of because of that response rotation development
why? batteries
Rio tinto is an Australian British company..
Main headquarters in Lodnon = where they pay all tax on global profts.
7:00 is that Johnny Cash ? 😊
All I care about is my damn dividends
Just wait for the solar panels thing to do what it'll do. Silver prices will go ballistic!
Then invest in silver, obviously
Damn the furst guy can break my hip
ALUMINUM CORPORATION OF CHINA LIMITED is 14.57 % shareholder in the company
Could have helped you a lot more but I had a bunch of imbalance thieves who present rotations of privacy shields that blocked the constituent group of the independency of the individual
It will be a short rise EV crash soon.
So driving an electric car is just a false sense of feeling that you're doing something good for the environment but in hindsight you are doing the same damage to the earth..
Is this an add?
With the way they are moving land from one spot on earth to another a distance away that is not ore has to be affecting the earths crusts balance. Theis may be the reason earthquakes are happening in areas were there are no fault lines. Are the mining companies and scientists studying these side-effects of the shifting of land mass. When China damed the large river and placed more stress on the earth there they noticed more seismic activity from the waters weight
I can get my heat from natural gas or heating oil. Why would I add complications to the system to get the same amount of heat? Depleting other natural resources such as copper, cobalt, lithium, and the likes it seems like we're only complicating the system at the same output while not much greener in the long run. Why deplete and multitude of resources when you can only deplete one or two?
There is no A.V. boom.
Hitting the Gym and Pumping Iron will give you an awesome Ore Body?
Clean energy huh😂😂😂
Anyone else worried that this mega company is investing a lot in AI instead of people??😮
Environmental consequences over looked for collateral damages. Need to destroy over here so we don’t destroy over there. We just need to go back to horse and buggy. That’s really the only way
So t he guy suggests we go quicker in government approvals, we'll see later for environmental damages I guess, perfect...
All this mining is definatley better than drilling for oil. even though without oil this project doesn't happen LOL
Vicious cycle of stupidity isn't it 😂 green energy is an actual joke
we need both. Let's not pretend otherwise.
@@richardconway6425 you can't have one without the other
It’s a paradox but we need to mine a lot more to spare the world of climate change’s worst effects. If you do you the research, you’ll find the life-cycle carbon emissions of EVs are much lower than ICEs.
@@richardconway6425 Na not at all.
Canada stopped minting pennies. It helps.
What rise, rio tinto has been always this big for way too long, i dare say its kinda stagnant growth, their stock goes up as economy boom and crash when not. Same old same old.
EVs are so awesome for the environment!
🙃
This is one of the reasons why I am against electrification. Mining for EV battery materials will inevitably result in the destruction of carbon sink ecosystems. Carbon sink ecosystem destruction will cause indirect land use change CO2 emissions which will in turn increase the amount of CO2 in the atmosphere. Electrification of the transport sector will contribute to increasing the amount of CO2 in the atmosphere just like combusting hydrocarbon liquid fuels derived from crude oil. Anyone who supports electrification is either an industry shill or pro-climate change Malthusian. I actually want climate change to be fixed so therefore I support this net zero transport sector energy mix 1. All light vehicles are powered by nuclear batteries 2. Heavy vehicles are powered by drop-in biofuels co-produced with biochar (for use as a carbon negative soil amendment) from residual biomass 3. Artificial photosynthesis produces liquid fuels for heavy vehicles wherever residual biomass is not available Anyone who actually wants climate change to be fixed should be opposed to electrification.
What is Johnny Cash doing there ? 6:59 ? 😅
Because of your mine, he walks the line.
@@jeffreysnyder290 ooh, that hurts!! 😂 you're so witty 😜
@@richardconway6425 I think we found the boy named Sue. (Not all jokes are insults, Sue).
@@jeffreysnyder290 😂😂😂
The EV market, I believe is going to fail in the United States. The consumers are waking up to the car cost twice with a gas model would, and the performance being just completely lousy.
Follow the money the little guy will pay out the tail.
The Banks manipulate the price of Silver and Gold. That should be a crime. Facts
Oh no! Not my shiny rock that does nothing!
@@michaelhutchings6602 Gold and Silver are used in quite a lot of industries. Silver is a catalyst to create chemical reactions resulting in plastics like polyester and moldable materials like formaldehyde. Silver is also used in solar panels. Gold is used in electronics a small amount of gold is used in almost every electronic device like cell phones and computer chips. That's on top of being used for currency.
A currency with no material backing will always exponentially inflate to poverty.
@@michaelhutchings6602silver and gold are extremely useful in electronics, party for the reason that people have always liked them. They don't oxidize (tarnish). Make them great for contactors. Silver is even better, as it's even more thermally and electrically conductive than copper
Check out solar panel use of silver. It's going to single-handedly make silver go mad.
Than is millieu not important .money first .
I hit setting are showing you that billions of dollars do you think we lost out here in our state or blue ones between us and West Virginia
Mining the asteroid belt (16 Psych) would be a good spot for them.
A small island nation like Britain with very few natural resources of its own should not be owning the worlds largest minerals company.
The worlds largest miner is BHP. They are not British, rather they are based in Melbourne.
EVs are not “green” as they market. Look how much the mining business damages the environment. It is not a matter of buying the EV and thinking is not burning oil, but all the damage being made to get the car manufactured. Instead of spending millions on EVs rebates and incentives, governments should invest in their own public transportation system
And yet, it’s still more green than the current cars on the road. By far. Much less emissions are being produced by making the cars. If you look it up, a Tesla offsets the omissions used to make it in around a year.
@@dnsjtoh Offsetting the emissions depends on how much a person drives said Tesla. If you don’t drive the car everyday then it’s gonna take a lot longer than one year to fully offset its emissions
EV are a better choice even with the environmental impact caused by mining the resources. I do agree however the US needs to rethink its policy on public transit. The current system is not sustainable with cars and we really should ban making more Suburbs in favor of building vertically and then having transit hubs. The problem with North and South America is that we have too much room, and we tend not to do a lot of long term planning.
Make as many EVs as you like,, we aren't going to buy them 😂
Those are diesel trucks .. just saying
And are known for destroying special sites in Australia
Big enough to see from spacec😂
What's so funny about that?
Poorly researched.
Be nice if some good jobs come out of the mines.
Mining jobs are great jobs with high pay