Not enough mineral supply to meet looming energy demand, says U.S. report
2023-08-16
Excerpt:
”S&P Global released a report this week forecasting that the demand for lithium, nickel, cobalt and copper will be substantially higher – 23 times higher – by 2035 than was originally forecasted in 2021, before the passage of Washington’s Inflation Reduction Act (IRA)”
”S&P Global said the demand from decarbonization technologies, such as electric vehicles, charging infrastructure, solar PV, wind and batteries, will continue to accelerate and be materially higher for lithium (+15 per cent), cobalt (+14 per cent) and nickel (+13 per cent) by 2035 than was projected before the IRA was enacted last August”
https://www.northernontariobusiness.com/industry-news/mining/not-enough-mineral-supply-to-meet-looming-energy-demand-says-us-report-7413574
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