The World Bank recently published an excellent new report: “The Growing Role of Minerals and Metals for a Low-Carbon Future.” Perhaps not surprisingly, the report identifies a number of minor (or strategic) metals as destined to play leading roles in “green” energy technologies.
Taking energy storage batteries, together with solar and wind technologies, as proxies, cadmium, molybdenum, neodymium, and indium are just some of the metals the World Bank singles out. And these are quite apart from both lithium and cobalt.
The report notes, however, that since different technologies often use different metals, the extent of demand will also depend upon which technologies are successful in the market place. But demand there will certainly be.
Estimated Global Lithium Mine Production 2016
(Metric Tons Lithium Content)
Source: US Geological Survey
Note: Figures exclude U.S. production
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