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Zambia’s copper mines are facing a power supply squeeze as drought roils hydroelectric installations. Pictured: Sentinel open-pit copper mine. (
Even in an optimistic low emission scenario for 2050, more than half the world’s copper mines will be in areas exposed to drought risk that’s deemed significant, high or extreme, according to a PricewaterhouseCoopers LLP report. For two other energy transition metals — lithium and cobalt — drought exposure is even higher at 74%, the study found.
Climate related disruptions would add another layer of supply risk. While the effects of rising temperatures and shifting weather patterns are widely documented for agricultural commodities, the impact on minerals is less known.
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