Glencore's Glasenberg full interview, fast forward to the one-hour eleven minute mark.
Summary:
- Infrastructure spending in both China and U.S.A will boost commodities.
- COVID-19 continues to impact supply.
- Lower grades and more difficult jurisdictions impact supply.
- China stockpile supply is temporary as they need to restock eventually.
- 80% of the world energy demand needs to be replaced from fossil fuels to renewables.
- Renewable energy needs to transition: 3000 GW to 26500 GW in 2050.
- Solar Panels: 20 times more demand.
- Electric Vehicles: 18 times more demand to 55 million electric vehicles.
- Wind Turbines: 11 times more demand.
- Copper: 30 million tonnes of demand per year today. 1 million tonnes per year increase per year needed to arrive to 60 million tonnes of copper per year.
- Nickel: 2.5 million tonnes per year today to increase to 9.2 million tonnes per year.
- Iron Ore: China is pushing their companies to increase iron ore supply for green energy (wind turbines and electricity pylons).
I give praise to Mr Pedro enough for his help in securing a loan to buy our new home for our family. Pedro was a wealth of information and he helped educate me and my family as to why a home loan was the best option for our particular situation. After conferring with Pedro Jerome and our financial advisor everyone agreed that a home loan was the perfect solution.
BeantwoordenVerwijderenYou can contact Mr PEDRO JEROME if you also looking for any kind of loan on Email/Whatsapp
email: pedroloanss@gmail.com
Whatsapp: +1-8632310632