The Future of Copper and Clean Energy with Gord Neal

Gord Neal, CEO of World Copper, joins us to talk about the future of copper! Gord shares his extensive experience and background in mining commodities. He emphasized copper's crucial role in the transition to clean energy, particularly for electric vehicles, power grids, and renewable energy infrastructure. Gord also talks about the potential impact of the new U.S. administration on mining policies, and how regulatory streamlining could accelerate domestic production and strengthen U.S. energy security. 

We discuss...

• Gord Neal, CEO of World Copper, has 25 years of experience in mining, specializing in metals like gold, silver, copper, and uranium.
• He was a founder of Mag Silver, growing it from a $50M to a $2.5B market cap company, and led New Pacific Metals to a $1.2B valuation.
• Copper is critical for the transition from fossil fuels to electric energy, as EVs and grid upgrades require significantly more copper than traditional vehicles and infrastructure.
• The supply of copper is insufficient to meet the demand for 2030 and 2050 energy transition goals, requiring urgent increases in mining output.
• Nuclear power is essential to meeting global energy needs, as wind and solar alone cannot provide sufficient or reliable power.
• Copper remains the preferred metal for electrical applications due to its conductivity, durability, and cost-effectiveness compared to alternatives like silver.
• The global copper deficit is around 100M tons, with new mining projects facing long lead times and high costs.
• The U.S. needs to accelerate mining permits, particularly in copper-rich states like Arizona, to secure domestic supply.
• The new Trump administration is expected to push for more mining and energy independence, potentially speeding up federal land permitting.
• Copper demand is rising due to the shift toward electrification, requiring more wiring for vehicles and energy grids.
• The U.S. power grid requires significant upgrades to support an electric vehicle transition, necessitating vast amounts of copper.
• The slow progress in energy grid modernization is due to high costs, bureaucratic red tape, and lack of large-scale energy storage solutions.
• Political and regulatory challenges impact the speed at which mining projects and energy infrastructure can develop.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Phil Weiss | Apprise Wealth Management

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For more information, visit the show notes at https://moneytreepodcast.com/the-future-of-copper-gordan-neal-692