The Looming EV Copper Shortfall: Fireside Chat with Professor Adam Simon

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Replay transcript excerpt

Good afternoon, everyone. Generation is extremely pleased to have a fireside chat today with Professor Adam Simon, who is a co-author of a recently published report by the International Energy Forum, IEF, entitled Copper Mining and Vehicle Electrification. Kerry, Noel and myself, we reported this report last May, or last month, May of 2024, and extremely, and we're extremely impressed to find a report which has supported our thesis that the world will not be able to produce enough copper to transition to 100% electric vehicles by the mandated 2035, the target of many governments around the world. To quote the report, policy makers might consider changing the vehicle electrification goal from 100% electric vehicles to 100% hybrid manufacture by 2035. This will allow for future output of existing and new copper mines to be used for developing world to catch up with the developed world in electrification. Just a little background about the IEF. The non-profit IEF is the world's largest international organization of energy ministers from 73 countries and includes both producing and consuming nations. The IEF has a broad mandate to examine all energy issues, including oil and gas, clean and renewable energy, as well as the focus has now become on critical metals, critical issues as well. The report was co-authored by Larry Kappels, a professor at Cornell University, But we are extremely pleased to have the other co-author on the report. It's Adam Simon, and he'll be presenting his findings in this report, another valuable insight that I believe will benefit existing shareholders and all shareholders. And just very honored to have Professor Simon with us today and opportunity to share his research and thoughts with us. Just before we get going, we did receive some question...