Copper: the economics?
…It is not unimaginable that copper prices could reach $15,000/ton in an aggressive energy transition scenario, if you stress-test the model. There is no silver bullet to decarbonize primary copper…
Market concentration by industry in the energy transition?
…US E&P, US refining, Western coal, LNG shipping. Mining sectors covered include aluminium, copper, cobalt, lithium, nickel, uranium, silica and silver. Correlation between market concentration and operating margins in energy…
HJT solar: Indium summer?
…solar cells is compared with other bottlenecks in our solar bill of materials, quadrupling global demand for Indium, while using double the silver of incumbent solar cells. Bottlenecks are contrasted…
Indium producers: companies and market outlook?
…decision makers to explore. Many are also exposed to metal value chains such as silver and battery recycling, which matter in the energy transition. For each indium producing company in…
CO2 intensity of materials: an overview?
…value chains that truly are CO2 intensive (i.e., emissions are above 20 tons/ton or even 100 tons/ton). This includes PV silicon and silver for solar panels; carbon fiber and rare…
Power grids: opportunities in the energy transition?
…But we are more worried about bottlenecks in copper (where total global demand trebles) and silver. (8) Transformers and specialized switchgear are needed to step the voltage up or down…
TOPCon: maverick?
…use than today’s PERC cells. This 13-page note reviews TOPCon cells, which will take some sting out of solar re-inflation, tighten silver bottlenecks and may further entrench China’s solar giants….
Fluorinated polymers: flying under the radar?
…and maybe secondarily silver. When you think about wind, you are primarily going to think about glass fiber, and maybe secondarily resins. When you think about batteries, you are primarily…
Runaway train: energy, interest rates and inflation?
…more materials becomes harder. Unfortunately solar panels do not grow on trees. Building more solar requires building more PV silicon, or silver, or copper production facilities. These are also capital…