Switched On cover image

Switched On

Rocky Markets Undermine Energy Transition Metal Demand

Oct 9, 2024
Kwasi Ampofo, global lead of BNEF's metals and mining team, and Rosemary Katz, a member of the same team focused on the 2024 Transition Metals Outlook, share their insights on the critical role of metals in the energy transition. They reveal staggering projections for lithium and manganese demand, driven by electric vehicle trends. The discussion delves into declining metals prices, supply chain challenges, and the economic influences on platinum mining. Plus, they highlight manganese's growing potential in battery technologies—an often overlooked but crucial player in the green revolution.
35:38

Podcast summary created with Snipd AI

Quick takeaways

  • The demand for essential metals like lithium and copper is surging due to their critical role in energy transition technologies, raising concerns about supply adequacy by 2050.
  • Responsible mining practices, including the use of innovative technologies, are vital for minimizing environmental impacts and ensuring workers' rights in the metal extraction industry.

Deep dives

The Role of Metals in the Energy Transition

Metals are integral to the development of technologies aimed at achieving sustainability and energy transition goals. Various applications such as electrolyzers, solar panels, and batteries heavily rely on these metals, making them critical for reaching global climate targets. The annual Transition Metals Outlook evaluates the supply and demand dynamics surrounding these essential materials, questioning whether there will be enough raw materials to support the transition to cleaner energy technologies. This report aims to guide policymakers, investors, and mining companies on necessary actions if supply falls short.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner