The Mining Industry Is Replicating The Oil Sector Crisis ...Middle East

OILPRICE - Economy
The Mining Industry Is Replicating The Oil Sector Crisis
source : OILPRICE ( Middle East ) () 29
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 spend more on getting these metals out of the ground. This time, however, they are taking the same cautious approach as U.S.…

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