The world faces a shortage of minerals needed for the energy transition
CNN
The world is facing a shortage of the minerals needed to make the electric vehicles, wind turbines, solar panels, and other clean energy technologies essential to ending its reliance on fossil fuels.
The world is facing a shortage of the minerals needed to make the electric vehicles, wind turbines, solar panels, and other clean energy technologies essential to ending its reliance on fossil fuels. The Paris-based International Energy Agency said in a report published Friday that steep drops in the prices of lithium, cobalt, nickel, and graphite last year were “good news for consumers” but discouraged investment in the mining of those critical minerals. The world is on track meet only 70% of global copper demand and 50% of lithium demand by 2035, the agency added. “The world’s appetite for technologies such as solar panels, electric cars and batteries is growing fast — but we cannot satisfy it without reliable and expanding supplies of critical minerals,” Fatih Birol, the IEA’s executive director, said in a statement. Investment in critical minerals mining grew 10% last year, a rate the agency says is “healthy, but slower than in 2022.” The IEA forecast that investors would need to pour $800 billion into mining projects between now and 2040 to stand a chance of limiting the rise in global temperatures to 1.5 degrees Celsius above pre-industrial levels.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Top Democrats on the oversight committee say Fox presented Trump’s comments about the so-called Epstein files in a way that both misled the public and distorted his position.
Public TV stations will be “forced to make hard decisions in the weeks and months ahead,” PBS CEO Paula Kerger said Thursday, after the Senate approved a bill canceling all the federal funding for the network.
US President Donald Trump is trying again to end the war in Ukraine – not by targeting Russia, but by hitting the countries that buy Russia’s oil.
Americans are still opening their wallets, even as President Donald Trump’s tariffs start to take a bite.
Global stock markets have largely shrugged off President Donald Trump’s renewed tariff campaign. In commodities markets, however, tariff threats have sent the price of copper soaring to all-time highs — signaling the potential for higher tariff-induced prices for a metal with critical uses across the US economy.
This past April, when President Donald Trump started flirting with the notion of firing Fed Chair Jerome Powell, stocks and the dollar tumbled because investors worried that even talking about such a move crossed a red line. You can’t even joke about that, the Wall Street intellectuals told us — the central bank’s independence is simply too important.
China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country’s lead in the global EV race.
President Donald Trump announced what could be refreshing news to some Americans on Wednesday: thanks to him, Coke is changing its American recipe.
Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings 3382.T, citing a lack of constructive engagement by the Japanese retailer.
It’s easy to underestimate the power of online conspiracy theories and the emotions they can conjure — and it seems Trump himself might be doing so now.
There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Powell from the helm of the central bank, as the president has suggested he could do.
Diageo, the world’s biggest spirits maker, announced Wednesday that CEO Debra Crew is stepping down by “mutual agreement” after just two years in the role.
An $8 billion trial by Meta Platforms shareholders against Mark Zuckerberg and other current and former company leaders kicks off on Wednesday over claims that they illegally harvested the data of Facebook users in violation of a 2012 agreement with the US Federal Trade Commission.