In anticipation of Father's Day, The Gold Report, quizzed Chris and Dr. Michael Berry, authors of the Disruptive Discoveries Journal, on how investing has changed over the years in the gold, silver, niche metals and energy space, and what they are investing in today to make sure they survive to see the next cycle.
Industrial minerals like copper and nickel are essential to global economic expansion. But everywhere you look, grades are getting lower, and costs are getting much, much higher. Is there a way out? Rick Mills says mining companies need to look to Greenland.
The biggest new source for platinum group metals just might be what Jack Lifton calls "the rubber tire mine." Removing the catalytic converter from a car's emission system produces a rate of return that rivals the production rates of the South African platinum giants.
The truth, in regards to the world’s mineral resources, is that we in the western developed countries are not in control of supply. There are many serious concerns in regards to global resource extraction that we need to consider.
More than two-thirds of the world’s cobalt is supplied by the Democratic Republic of the Congo. Demand for cobalt is expected to rise at about 7% year over year to over 100,000 tonnes by 2016 and industry experts say more stable sources of cobalt are needed.
It is clear that the time to dedicate resources to explore for new platinum mines and deposits outside South Africa has come. With a coming deficit market, new platinum projects in Canada patiently await inevitable courting by international platinum investors and producers.
The US needs to figure out who its friends are and work with them to establish security of supply. The country’s politicians, and its citizens, also need to figure out that true wealth, a growing economy and a strong country are built by resource extraction and manufacturing.
With the recent strong support for electric vehicles, the use of cobalt in this sector alone has led to a formidable demand for the element and the US cannot continue to depend on its cobalt being supplied mostly from China.
Cobalt is critical to the current technology for manufacturing nickel metal hydride batteries - universally used in hybrid car production - but nearly half the world's cobalt production is contained in one country. This raises some interesting questions.