“Metals prices are up, but mining companies aren’t spending. Their restraint could keep supplies tight and magnify shortages of raw materials such as copper and zinc that are critical for the transition away from fossil fuels.”
“Auto makers such as General Motors Co. and Tesla Inc. are forming partnerships with producers to secure needed metals supply, but many industry executives say existing agreements won’t be enough to meet their battery needs. Some analysts say auto makers need to be more aggressive in pushing mining companies to increase supply or invest directly in the metals supply chain.”
Read full article: Mining Firms’ Cautious Spending Threatens Shift to Green Energy