Mining world dealing with capex and opex costs running out of control.
Explosives +300%
Steel +150%
Cement +200%
Power cost +170%.
Most commodity prices will not have to double again, just to make projects work.
Explosives +300%
Steel +150%
Cement +200%
Power cost +170%.
Most commodity prices will not have to double again, just to make projects work.
Resource stocks need to ramp up big time and get access to funding for development or there will be more shortages of everything in time. @elonmusk can bitch all he wants about the #lithium price…
And how fucking abundant it is with in the earth’s surface. But you still got to pay miners, engineers and geo’s to build and operate mines. And there’s labour shortages in all categories. Plus you need materials like steel, copper, cement, and power to build the mine and..
Machinery. And the back log of machinery is only growing worse. Cost to build machines going up. This cycle inflation is real and will continue. Fed trying to talk down inflation is only going to discourage mining investment.
Financial players fucking around shorting commodities and getting bailed out by bullshit ‘exchanges’ are only gonna make commodity shortages greater in the real world. Just wait until the food prices really start ramping up. We are seriously in for some shocking inflation
It may be tempered for periods due to short term economic collapses or industry specific recessions. But it’s just gonna keep coming back because old mines are depleting and new ones are not being financed quickly enough to keep pace.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
