Geologist: There is not enough copper to meet the “green energy transition”.
“There’s a huge crisis,” says Doug Kirwin, one of the earliest geologists to work at the deposit that became Oyu Tolgoi, or Turquoise Hill, named after the area’s rocks, stained by oxidized copper.
There’s no way we can supply the amount of copper in the next 10 years to drive the energy transition and carbon zero. It’s not going to happen. There’s just not enough copper deposits being found or developed.
Doug Kirwin, independent consulting geologist, May 2, 2023, bloomberg.com
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