The global energy transition will require a huge volume of metals, and the prices of these metals are soaring. Just as in the oil industry, the mining industry is suffering from underinvestment as companies focus on shareholder returns. The rising prices of metals combined with supply chain issues and inflationary headwinds will be a major issue for the energy transition. Earlier this month, Tesla made headlines yet again, but this time the news wasn’t good: the company was raising the price of most of its cars, with CEO Elon Musk citing raw material inflation as one of the reasons for the hike. Tesla is not the only one. The prices of copper, cobalt, lithium, aluminum—pretty much everything that comes out of the ground—are soaring. Normally, this would motivate miners to […]