Kwasi Ampofo

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.

Kwasi Ampofo, Head of Metals and Mining at BloombergNEF, delves into the critical minerals sector, vital for energy transition and technology. He contrasts the negative sentiment in the U.S. EV market with China's strong growth. Discussing macro drivers, he notes how inflation and tariffs impact demand over the next few years. Ampofo also explores the challenges of building processing capacity in the West, the need for government incentives to de-risk mining projects, and key risks impacting the market in the coming months.

Kwasi Ampofo, Head of metals and mining at Bloomberg NEF, discusses the readiness of global economies to boost critical mineral supply. The report ranks countries based on factors like sector strategy, political stability, talent, and environmental and social frameworks. BNEF places Australia, Canada, and China on the top. The podcast also explores the importance of metals like lithium, nickel, copper, and aluminum in an energy transition and discusses challenges in resource extraction, updating US mining laws, and China's dominance in the metals and mining space.