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Mobile WebSiteWood Mackenzie said in a new report that in order to meet the growing demand for decarbonization, it will be necessary to invest more than 1 in key energy transition metals (aluminum, cobalt, copper, nickel and lithium) in the next 15 years. Trillions of dollars, this figure is twice the amount invested in the past 15 years.
Wood Mackenzie pointed out that although the coronavirus pandemic this year has slowed climate change efforts, governments around the world are still using stimulus plans to initiate or accelerate the decarbonization process.
Julian Kettle, deputy director of metals and mining at the research institute, said: “People can argue about the speed and scale of the energy transition, but there is no doubt that metals are critical to its realization. Simply put, the transmission or storage of low-carbon/non-carbon energy , You need aluminum, cobalt, copper, nickel and lithium."
Kettle said that the fundamentals of several metals are deteriorating, and the prices of most metals are well below the long-term incentive level because investors do not believe that the path to recovery is guaranteed. "The procurement of green energy and power generation are in an important position.
