(Kitco News) – As the world transitions into the electric vehicle revolution, there will be a number of investment opportunities for the products used in this transition. “There are huge opportunities for some of these critical minerals that are needed for electrification for a low-carbon future for the green economy,” explained Kendra Johnston, President and CEO of AME.
“We definitely need to explore more, find more of these products that are not only economical, but could also be produced in an environmentally sustainable and socially responsible way.”
Johnston spoke with Kitco News anchor David Lin about trends in the mining and resources sector. The Association for Mineral Exploration (AME) is the leading mineral exploration and development industry association based in British Columbia.
As to whether we have enough supply of the base metals needed to transition over the next 15 years, Johnston pointed out that this varies by product. “For example, with a product like copper, there’s a pretty good supply there. We have to maintain the mining that we’re currently in, in order to be able to sustain. And we really have to increase supply where we want to be in the future,” she said.
Johnston discussed exploring the minerals and metals needed to transition to electric vehicles. “As an exploration community, we have been actively looking for these minerals for 20-30 years. Copper is the obvious, but there are many others like molybdenum, lithium and cobalt, the list goes on. over and over,” she revealed. “These are the metals we are already finding. Hopefully we can identify some of them, mine those resources, and get them to miners so they can start producing.”
Regarding investing in this space, Johnston said: “There is still a bit of understanding that needs to happen with these commodity markets, but there are a lot of very smart investors who have figured out how a single new deposit will affect the supply and demand curves for these metals and minerals,” she pointed out. “From a geologist and retailer perspective, I’m not sure the understanding still be there. There are a lot of opportunities to dive and find some of these new minerals.”
When it comes to the future of these base metals markets, Johnston is very optimistic. She revealed that there are “new deposits to be found. There are new technologies that are going to come that will be able to connect the minerals and the metals that we have, in order to produce some of these new technologies that have everything just not been developed yet.It is getting stronger and stronger all the time.
To learn more about trends in the mining and resources sector, please watch the full video above.
Follow David Lin on Twitter: @davidlin_TV
Follow Kitco News on Twitter: @KitcoNewsNOW
Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.