The IMF specifically selected nickel, copper, lithium and cobalt...

The IMF specifically selected nickel, copper, lithium and cobalt as the top four energy transition metals likely to see surges in prices and production as the world works towards net zero emissions by 2050.The four minerals are used as key components in batteries and renewable energies that are crucial in the transition from fossil fuels to low emission electricity.“Prices would reach historical peaks for an unprecedented, sustained period under the net zero by 2050 emissions scenario. The prices of cobalt, lithium and nickel would rise several hundred per cent from 2020 levels,” the report said.