What The moral of the story?...Well...First I'd have to say that staying invested in Noront would be wise...Duh?!?...it's like opening up a metals superstore.....and that once we all find ourselves well into the chapters of this book on the Ring of Fire that whatever profits you make you should seriously consider reinvesting in the market. Looks as if everyone will be either digging their way to and from China in an attempt to make green while going green.
Gotta love that old saying, "If you can't grow it, than you'll have to mine it"
https://www.mining.com/web/rushing-headlong-into-electrification-the-west-is-replacing-one-energy-master-with-another/
...Moreover, the Swiss investment bank predicts large deficits by 2030 for each of these metals: 170,000 tonnes for cobalt, equal to 42% of the cobalt market; 10.9 million tonnes of copper (about half of current global mined production), representing 31% of the market; 2.1Mt for lithium (50% market share); 3.7Mt for natural graphite and 2.2Mt for nickel (both 37%); and 48,000 tonnes for rare earths, equivalent to 47% of the market.
In a thought experiment, we at AOTH crunched the numbers for what it would take to get to 100% renewables. The amount of raw materials required is “off the charts”.
Wind and solar energy do not happen without mining, and they take unbelievable amounts of metals. Just replacing the current amount of energy demanded by coal and natural gas, let alone inevitably higher figures in future, with solar and wind, we calculated it would take over 60,000 solar farms and more than 120,000 wind farms. In all it’s about a 450% increase in renewables.