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the very start of the supply chain for closed and a new plan for alleviating         It’s not the only one.

many metals.                              smog over the winter months in Beijing     Copper has a similar green story

China’s alumina refineries have al- and the surrounding area will force large thanks to the increased call on the metal

ready adapted to the Malaysian bauxite swathes of industrial capacity off-line, from everything from electric vehicles to

ban by searching for raw material further including the entire aluminium supply wind stations.

“afield in countries such as Guinea and chain from carbon anode plants to refin-     And then there are the next-generation

the Solomon Islands.                      eries and smelters.                        metals such as lithium and cobalt, which

But it is China that has                                                                    have seen extreme bull ral-

opened a whole new chapter                El Salvador has specific                          lies on expectations for usage
in the environmental metals                                                                 growth in the electric trans-
                                               issues with water. Its Ministry
story.                                    of the Environment and Natural                    port and grid storage sectors.
  Here the issue is first and                                                                 But even while the green

foremost air, not water, as                                                                 revolution is generating a de-

Beijing seeks a solution to the  Resources estimates that 90% of                            mand boost of varying intensi-
smog that plagues many parts      surface water is contaminated.                            ty across the industrial metals
of the country, not least the                                                               spectrum, it is also pinching

capital.                                                                                    with increasing frequency the

The old environmental in-                                                                   supply of those metals, par-

spection regime has been dismantled       Environmental clampdown has be- ticularly at the mining stage.

and replaced with a new centrally con- come a defining part of the price narra-      This is a story that has been playing

trolled system with inspection teams fan- tive in steel and aluminium as a result. out in miniature in small communities

ning across the country with increasing The latter, it’s worth noting, is the best across the developing world.

regularity.                               performer among the major industrial       El Salvador’s decision to reject any sort

In China too, mining is being targeted metals so far this year, as the market of mining elevates it to a national level.

by policymakers but such is the low level tries to work out the implications of the  It may yet turn out to be a historical

of visibility on large parts of the sector planned Chinese shutdowns.                outlier in the mining industry’s evolution

that the impact of the clampdown is hard  All of which is ironic for a metal that is but the battle for hearts and minds in the

to gauge.                                 expected only to benefit from the green metals versus environment war is only

Not so when it comes to the country’s technology revolution due to its light- going to become hotter.

giant metals-processing industries.       weighting potential in vehicle construc-              – Andy Home, Reuters
  Steel capacity is being aggressively    tion.

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                                                                                                        AUSTRALIA’S PAYDIRT MAY 2017 PAGE 13
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