Minerals-plus strategy (46 pages)
The demand outlook for minerals and metals has undergone the biggest shift in history as the world transitions to net zero emissions by 2050. Global demand for critical minerals has doubled over the past five years to $320 billion driven by the growth of clean energy technologies and EVs. By 2030, 120 new lithium, nickel and cobalt mines will be needed to supply the materials required to meet demand for battery storage. And much of the estimated 6.5 billion tonnes of end use materials required up to 2050 will be steel, copper and aluminium. This makes the minerals and raw materials produced by resource-rich countries increasingly critical over coming decades. It also presents an unprecedented opportunity for Australia. A Minerals-plus investment strategy that encourages more discoveries, reactivation of mothballed mines, expansion of existing mines and development of new mines, can place Australia at the forefront of global decarbonisation e«orts. Source: https://minera.ls/minplus