Copper and cobalt can expect ongoing demand strength as renewable energy and electro-mobility agendas accelerate.
The outlook for EVs is brighter than ever, but governments aiming for net-zero carbon emissions by 2050 must do more to spur their adoption.
With lithium supply expected to enter a deficit owing to increased demand AVZ Minerals is well placed to meet this demand.
Despite slow EV manufacture and sale during the pandemic, there was a remarkable resurgence in EV sales in the last quarter of 2020.
All eyes are on the DRC. It already accounts for 63% of global cobalt production and the potential to increase this number is significant.
The sector faces pressure from governments, investors, and society to reduce emissions. Mining is responsible for 4 to 7% of GHG emissions.
The progress at Vidalia and its vertical integration with Balama is a value proposition to Governments, auto OEMs and battery manufacturers.
A recent Goldman Sachs report estimates that EV-related copper demand will amount to 2.4 Mt of copper by 2030.
Data shows a mismatch between strengthened climate ambitions and the availability of critical minerals essential to realising those ambitions.