The BloombergNEF Transition Metals Outlook 2024 was released earlier today.First and foremost, there are insufficient metals to fulfill net zero demand by 2050. Upstream investments totaling $2.1 trillion will be required to bridge this mining gap. Recycling can help fulfill demand while reducing supply chain emissions.Southeast Asia will overtake China as the fastest rising user of essential minerals in the 2030s. This presents a chance to boost the region’s industrialization through local value-added.
*Using the DoJ’s interpretation of the H-H Index, the refined supply chain of all metals evaluated in the study is concentrated. To create new sources of revenue, international collaboration, incentives, and business-friendly conditions are necessary.Mining has a long-standing environmental impact. The industry must adopt sustainable practices, provide thorough disclosures to assess progress, and protect biodiversity.
