According to a 2021 report from Wood Mackenzie, mining companies will need to spend $1.7 trillion over the next 15 years, to supply enough lithium, graphite, cobalt, copper and nickel for the shift to a low-carbon world.
$2.85 trillion in new US spending bolsters bull market in electrification & decarbonization metals
https://aheadoftheherd.com/2-85-trillion-in-new-us-spending-bolsters-bull-market-in-electrification-decarbonization-metals/
Quote from the article:
A recent White House report on critical supply chains showed that graphite demand for clean energy applications will require 25 times more graphite than was produced worldwide in 2020. Where is the United States going to find all the graphite?
According to a 2021 report from Wood Mackenzie, mining companies...
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