Supply and demand are subject to change — unpredictable change in policies or in the marketplace — which makes it incredibly important to have a plan in place to supply our economy with what it needs to grow and thrive.
When it comes to transitioning to a reduced-carbon or carbon-free energy economy, Minnesota is truly faced with this new supply and demand challenge.
All of this makes the question asked Jan. 23 in "We don't need more mining to go green" confusing.
The author asks: "[I]s it actually urgent to pull more copper and nickel out of the ground?" He then claims that in debates over mining copper and nickel in Minnesota "what goes largely undiscussed are the actual supply and demand forces around primary copper and nickel."
But we can't ignore what, to some, is an uncomfortable reality: Our state is connected to both sides of the supply and demand balance for copper and nickel, and other important metals like cobalt and palladium.
Minnesota has set an aggressive goal to make the state carbon-free by 2050 in terms of the energy we depend on every day. Other states are setting different goals but with the same commitment. This will mean increasing the use of copper-laden wind and solar technologies as we transition away from coal and natural gas.
According to Kirsten Hund, a senior mining specialist at the World Bank, each three-megawatt wind turbine requires 4.7 tons of copper — not in the transmission line, but the turbine itself. She also highlights the fact that electric hybrid cars use twice as much copper as nonhybrid cars. All-electric cars use even more at 160 to 180 pounds per car. And photovoltaic systems use approximately 11,000 pounds of copper per megawatt of electricity.
Gov. Tim Walz recently positioned Minnesota to achieve low-emission vehicles (LEV) and zero-emission vehicles (ZEV) standards by 2050. The goal is to have more of LEV and ZEV cars sold here. Vehicle manufacturers are responding by dramatically increasing the availability of these vehicles in Minnesota and around the world.