Increased spending on essential minerals: A key driver for meeting climate commitments

This research paper explores the complex dynamics of mineral demand in the context of the global shift towards a low-carbon economy. The study categorizes minerals into cross-cutting and specialized categories, examining their varied demand-related risks based on their applications in different low-carbon technologies. Focusing on minerals like copper, chromium, molybdenum, lithium, graphite, and cobalt, the research assesses their role in environmentally friendly power generation and storage methods. The paper delves into the challenges posed by concentrated minerals with higher demand uncertainty and explores the implications of replacement, productivity gains, and recycling on mineral demand. It also discusses the climate change implications, examining the greenhouse gas emissions associated with mineral extraction and processing for energy-related products. The study concludes by proposing a comprehensive strategy for addressing environmental goals, ensuring sustainable mineral extraction, and fostering collaboration between stakeholders in the mining, energy, and sustainability sectors. The research advocates for the integration of technological advancements, environmentally conscious practices, and recycling initiatives to meet the rising mineral demand in a sustainable manner.