Critical mineral mining is important to the green transition, but the mining industry’s poor reputation is creating investment barriers.
Hundreds of billions of dollars need to be injected into the critical mining sector over the next decade to meet the demands of a global green energy transition
Mining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers, industry experts warn. Meeting the demand for copper alone over the next decade will require over $200 billion in capital, according to theHowever, the panel said the critical mineral sector has struggled to persuade investors of this vision and the industry faces the threat of falling short of billions of dollars in investments needed to meet future demands.
Speakers at the Ecosperity conference said it is important for the industry to admit to past faults, increase transparency, and highlight the positive economic impact of critical mineral mining — such as boosting jobs and economic prospects., the extraction of critical minerals can have serious environmental consequences in the form of carbon emissions from mining, as well as biodiversity impacts.
Solving risks concerning biodiversity and water management will require increased research and development spending, as well as better talent to push technological innovation, they added.
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