Now we have PWC joining the Stephen Leeb with the warning about the shortages in the supply of the critical strategic commodities. We are following here junior mining companies like TNR Gold with its projects in Gold, Copper and Rare Earths and International Lithium Corp.
Stephen Leeb on Commodity Markets, Copper, Rare Earths
Leeb on Commodity Markets, Copper, Rare EarthsNov. 28 (Bloomberg) -- Stephen Leeb, president of Leeb Capital Management and author of "Red Alert: How China's Growing Prosperity Threatens the American Way of Life," talks about the outlook for commodity markets and China's commodity demand. He speaks with Deirdre Bolton on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
Bloomberg:
By Jesse Riseborough - Dec 7, 2011
Global manufacturers may face a critical shortage of 14 raw materials over the next five years affecting industries including chemicals, aviation and renewable energy, according to PricewaterhouseCoopers LLP.
Seven manufacturing industries may be seriously affected by a critical shortage of raw materials “which could disrupt entire supply chains and economies,” PwC said in a report today based on a survey of senior executives from 69 manufacturers.
“Many businesses now recognize that we are living beyond the planet’s means,” Malcolm Preston, PwC’s global sustainability leader, said in the report. “New business models will be fundamental to the ability to respond appropriately to the risks and opportunities posed by the scarcity of minerals and metals.”
Beryllium, used as a lightweight component in military equipment, cobalt, used in industrial manufacturing and lithium, used in wind turbines and hybrid cars, were among minerals identified in the report as facing critical shortages. Tantalum and flurospar will also face a shortfall, it said.
To contact the reporter on this story: Jesse Riseborough in London at jriseborough@bloomberg.net"
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