Thomas Twaites is a student at the Royal College of Arts in London, and he is making a toaster. From scratch. He is extracting oil to make plastic, and processing his own copper, iron, nickel, and mica (which is what the heating elements are wound around). From these raw materials, he is going to produce a functioning toaster.
Twaites has plans to go to my native Finland for some nickel, as there are no more nickel mines in Britain. He is also trying to negotiate a helicopter trip to the North Sea to collect some oil. He has already figured out how to use a microwave oven to process iron ore, and has created a blob of iron about the size of a nickel.
The picture is of iron being made in a microwave. Spotted on We make money not art.