The definitive resource on the role of metals in the energy transition
Metals are fundamental to many of the technologies that will underpin the global shift to a low-carbon economy – everything from wind turbines and electric vehicles to power grids and electrolyzers that produce green hydrogen. But key energy transition metals such as aluminum, copper and lithium could face deficits in primary supply this decade – some as soon as this year. Increased recycling will be essential to help address these market imbalances, as will investment in new reserves. To build the mines of tomorrow, the mining industry must invest in exploration today.
BloombergNEF estimates $2.1 trillion is needed for energy transition metal sectors between now and 2050 to meet the demands of a net-zero emissions world.
Press release
Mining industry needs $2.1 trillion dollars in new investment by 2050 to meet net-zero demand for raw materials, finds BloombergNEF in new report.
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A high-level summary of the Transition Metal Outlook 2024 report is available online at the link below.
BNEF clients can access the full report here or on the Bloomberg Terminal.