Report reveals looming shortages of minerals key to the energy transition as low commodity prices cause investors and miners to cut spending.
The analysis, published on Wednesday, forecasts shortages of 20% to 50% across some rare-earth metals and minerals essential for renewables, power grids and EV batteries. The message is as clear it is old: the world needs mining.“The trading opportunity that could create resilience in materials”. McKinsey & Company, September 2023.
McKinsey’s report highlights that recycling could only account for 10% of supply for minerals such as copper, lithium, and nickel by 2040 and potential substitute materials are still nascent. Yet investors are currently reducing funding for new mining projects due to low commodities prices and long lead times for new mines, exacerbating supply chain shortages for green technologies, he noted.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
UCS Climate Litigation Scientist on Human Right to Stable Climate in Upcoming Court CasesThe European Court of Human Rights will hear a case tomorrow brought forward by six young people from Portugal arguing that more than 30 European countries have a legal duty to act urgently on the climate crisis. The historic case comes after a judge in Montana ruled that youth in the state have a r...
Weiterlesen »
A new climate change report offers something unique: hopeElectric vehicles and solar power are growing quickly and offering hope the world could still meet climate change goals.
Weiterlesen »
A new climate change report offers something unique: hopeElectric vehicles and solar power are growing quickly and offering hope the world could still meet climate change goals.
Weiterlesen »
Boost in solar energy and EV sales gives hope for climate goals, report saysThe window to limit human-caused warming to a globally agreed goal is narrowing but still open because of the huge growth of solar energy and electric vehicles sales worldwide, a report said Tuesday.
Weiterlesen »
Boost in solar energy and electric vehicle sales gives hope for climate goals, report saysLimiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) is becoming harder but a narrow window remains because clean energy infrastructure has grown around the world, a new report said Tuesday.
Weiterlesen »
Boost in solar energy and electric vehicle sales gives hope for climate goals, report saysLimiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) is becoming harder but a narrow window remains because clean energy infrastructure has grown around the world, a new report said Tuesday.
Weiterlesen »