Climate targets threatened by lack of mining investment:...

Climate targets threatened by lack of mining investment: McKinsey

September 27, 2023​

Excerpt:
”According to consultancy McKinsey & Company, looming supply gaps for rare earths, lithium, nickel, graphite, cobalt, boron and copper could lead to higher prices and market volatility, hindering emissions goals.”
”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.”
It is anticipated that EV batteries and chargers alone may consume over 50% of all available cobalt and rare-earth elements and 36% of nickel resources by 2030.”

”The number of the roughly 500 cobalt, copper, lithium and nickel mines operating today will need to increase by as much as 76% to almost 900 in order to meet demand for batteries, the analysts wrote.”
https://www.mining.com/climate-targets-threatened-by-lack-of-mining-investment-mckinsey/

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