How a Shortage of Rare Earth Metals Will Impact Us All

The pandemic and the Russia-Ukraine war have shown just how quickly supply chains can be disrupted by geopolitical instability.

 More than ever we are beginning to appreciate how important it is to secure access to alternative energy supplies. But, paradoxically, the resources the world needs to make this happen are tied up by the very people who have restricted access to the traditional energy resources. 

Not only is it countries that are desperate to secure access to the key rare earths that will enable us to secure our energy supplies, but it is also companies with P&Ls bigger than small countries. This is making for a very interesting time when it comes to commercial deals, as well as geopolitical tensions. 

Earlier this week it was revealed that Tesla has been in talks to buy a minority stake in Glencore, the Swiss mining giant. Already the one-man show has secured a deal with the company to buy cobalt but it looks like they want even more of a direct-line to the good stuff. 

Tesla is not an outlier when it comes to worrying about its rare earth supply lines. According to Baker Steel Resources Trust, “Demand for magnet rare earth is forecast to more than double by 2030, driven by the green revolution. Outside of China there is already a real issue in securing enough material and processing to the magnet stage.”

The Trust expects to see “demand to more than double by the end of the decade for the magnet rare earths. Value-in-use estimates for [rare earths] in EVs and wind turbines are orders of magnitude above current levels.”

The report brought to mind comments Dr Stephen Leeb recently made when speaking to GoldCore’s Dave Russell. The New York Times best selling author’s depth of knowledge when it comes to geopolitical insights is nothing short of exceptional, especially when it comes to Russia and China. 

Today we bring you just a short excerpt of our interview with Dr Leeb, where he talks about how the current environment is both exciting and treacherous, and that this is all thanks to access to raw materials.

How a Shortage of Rare Earth Metals Will Impact Us All


Buy Gold Coins


GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

02-11-2022 1656.45 1649.55 1440.95 1437.91 1673.18 1670.83
01-11-2022 1652.55 1645.25 1431.60 1434.49 1663.29 1666.80
31-10-2022 1638.85 1639.00 1419.74 1425.27 1649.50 1656.87
28-10-2022 1649.25 1648.05 1430.39 1424.57 1656.01 1652.83
27-10-2022 1663.30 1659.75 1438.42 1431.04 1656.31 1656.93
26-10-2022 1670.80 1666.75 1443.24 1439.91 1666.96 1661.58
25-10-2022 1642.85 1659.25 1450.47 1443.88 1664.37 1664.89
24-10-2022 1646.35 1649.15 1455.70 1457.02 1678.12 1670.42
21-10-2022 1624.55 1643.25 1458.20 1470.05 1665.98 1677.59
20-10-2022 1633.20 1635.30 1459.92 1454.11 1669.95 1670.46

Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.

Stephen Flood

Stephen Flood is the CEO of GoldCore. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals markets since 2004 and has appeared as an expert contributor on CNBC, CNN, BBC, RTE & Bloomberg TV and has had articles published in the Irish Times, Irish Independent and The Sunday Business Post.

Also on news-goldcore-com

Videos

Patrick Karim, Charts and Gold’s Next Breakout

Gold Down $100? This Really Shouldn’t Be A Surprise

Expect $2,500 – $3,000 Gold In Next 12 Months

Blog posts

Will The Gold Price Shift As Two Great Titans Leave Us?

For much of November gold has been on a tear and this week investors have sent it way up, punching past $2000. Will these giddy heights of over $2,000 be how gold chooses to see out month-end? At the time of writing we cannot be sure.  Yesterday prices did soften ever so slightly but the […]

READ MORE

Gold, a seasonal rally and the future of money

Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year.  Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]

READ MORE

Gold Pops as Credit Crunch Looms

The double figure pop up in gold on Tuesday was more to do with weakening of the US dollar, than rampant gold demand itself. The significant drop in the fiat currency was largely thanks to the release of October’s CPI report. Echoing that of the previous month, the report showed weaker growth and lower than […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Patrick Karim, Charts and Gold’s Next Breakout

Gold Down $100? This Really Shouldn’t Be A Surprise

Expect $2,500 – $3,000 Gold In Next 12 Months

Blog posts

Will The Gold Price Shift As Two Great Titans Leave Us?

For much of November gold has been on a tear and this week investors have sent it way up, punching past $2000. Will these giddy heights of over $2,000 be how gold chooses to see out month-end? At the time of writing we cannot be sure.  Yesterday prices did soften ever so slightly but the […]

READ MORE

Gold, a seasonal rally and the future of money

Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year.  Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]

READ MORE

Gold Pops as Credit Crunch Looms

The double figure pop up in gold on Tuesday was more to do with weakening of the US dollar, than rampant gold demand itself. The significant drop in the fiat currency was largely thanks to the release of October’s CPI report. Echoing that of the previous month, the report showed weaker growth and lower than […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE