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Whilst it states that 10% of the cost of solar panels is down to the price of silver it doesn’t mention what proportion would be due to the cost of copper, far
by zeristor 4y ago
Whilst it states that 10% of the cost of solar panels is down to the price of silver it doesn’t mention what proportion would be due to the cost of copper, far less I imagine.
Whilst copper itself is becoming more scarce it’s less scarce than copper.
Somewhat reminded of the copper shortage in the second world war needed to drive uranium isotope separators:
https://www.americanscientist.org/article/from-treasury-vault-to-the-manhattan-project https://www.americanscientist.org/article/from-treasury-vaul...
- eth0up 4y ago>..copper shortage in the second world war... Steel wheat pennies, and more interestingly, .35 silver nickels (1942-1945). Today, spot for 1oz of copper is 0.21 while silver is around 18.00 In the 1980s and around 2011, silver reached a spot price of near 50.00 per oz. It's been as low 4.00 per oz. I think the record high for copper was 5.00 per pound in 2021. Not certain though. Metal markets, particularly silver, are strange.
- zeristor 4y agoWell the Silver market was cornered by a trainer a decade or so ago.