AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
9 Major importers of critical minerals value chain products are enacting policies to shore up security of supply by encouraging investment into supply chains domestically and in partner countries. Over 100 new critical minerals policies and regulations have been established globally in the last few years, 8 with a fivefold rise in export restrictions. Projections of continued geographic concentration of supply chains and the associated risk posed to national energy transition ambitions, are catalysing political support for new investment in critical minerals value chains. Supply chain concentration for most critical minerals has intensified in recent years and is not set to diminish materially in the near term, with currently dominant countries responsible for most of the planned capacity additions. 7 Cobalt and nickel likewise have a small number of countries controlling most of the supply chain, while rare earths and graphite have a single country with near-exclusive control of global supply. Governments are looking to mitigate this risk by supporting supply chain diversification and onshoring, but they must also address lengthy approvals processes, particularly for mining projects.Īustralia, China, and Chile produce 90 per cent of the world’s lithium while China, Chile, and Argentina account for 99 per cent of lithium processing. 3 Critical mineral supply chains are highly concentrated geographically, making them vulnerable to disruption. From the 2030s onwards, minerals recycling is expected to supplement primary supply, though by 2040, recycling is still only forecast to reduce primary supply requirements by around 10 per cent. The growth in critical minerals demand will not require equivalent growth in mined production as some will demand will be met by recycled material. Longer term, they can be significantly altered by innovation in clean technology manufacturing that drives material substitution or reductions in mineral intensity. They can fluctuate over the short term due to changes in political will or macroeconomic shocks. However, these demand outlooks for critical minerals face some uncertainty.
0 Comments
Read More
Leave a Reply. |