So far, the bright long term outlook has failed to motivate miners to expand production of those metals in any meaningful way.
Metals are the new oil and gas when it comes to the energy transition. Making the vision of an emission-free economy running on wind, solar, hydrogen, and batteries requires massive amounts of certain metals and minerals labeled as critical—and with a good reason. Without these metals, there will be no transition. And now, many of them are facing critical shortages. Earlier this month, BloombergNEF estimated that the mining industry needs fresh investments of some $2.
' If investors help make them so by piling up into mining commodities. However, news of falling EV sales almost everywhere except China has not helped the bullish metals case. EVs have been one of the biggest drivers of future copper demand and perhaps the biggest driver of lithium demand—and forecasts have invariably been bullish. Yet reality has failed to meet expectations, disappointing investors who bought the predictions and leading to a price slump in both commodities.
Metals Energy Renewables Mining Batteries
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