Tag Archives: minerals

Politics tamfitronics 10 July 2024By Jakob Feveile Adolfsen, Danielle Kedan and Marie-Sophie LappeThe green transition will significantly increase demand for key minerals over the coming decades. The impact on energy prices will ultimately depend on how supply adjusts. The ECB Blog looks at the geopolitical risks involved. The green transition relies on certain key minerals, in particular lithium, copper, nickel, cobalt, manganese, and graphite. Assuming that the transition takes place in accordance with the Paris Agreement, demand for these key inputs will almost quadruple by 2040. The impact on energy prices will depend on how supply adjusts. Ensuring the necessary supply of these “green minerals” is therefore vital.Russia’s attack on Ukraine illustrated how geopolitical developments can significantly affect commodity markets and inflation. IMF research confirms this and underlines that geopolitical fragmentation might disrupt the...