⭐️ The metals basket Transitional minerals include metals such as lithium, cobalt, copper, graphite, magnesium and nickel. They also include rare earths like neodymium, praseodymium, dysprosium and terbium. ⭐️ Mining intensity requirement Currently, mining provides almost our entire supply. The scale of demand for these minerals could result in almost 400 new mines by 2035. ⭐️ How can we manage demand? We can design energy and transport systems to minimise mineral demand. Strategies include: 🫵 reducing our dependence on cars and using smaller vehicles 🫵 improving energy efficiency 🫵 moving to a circular economy that makes reuse and recycling a priority. All these changes can reduce the need for new mines. Recycling, for example, could reduce demand for mined materials. For lithium-ion batteries for electric vehicles, estimated reductions are 25% for lithium, 35% for cobalt and nickel, and 55% for copper by 2040. ⭐️ The runway This recycled content will mainly come from waste batteries. However, large volumes of lithium-ion batteries won’t start reaching the end of their lives for at least a decade. Recycling will only have a significant impact from 2035.” Quote Source: Craig Hutton, LinkedIn