What mining means to your business
Supply chain stories
Morning there
While renewable energy investment hit $358 in H1 this year, manufacturers require higher amounts of the metals required to build those new energy technologies.
This means while mining for fossil fuels could slow, mining rates are increasing and will continue to do so for many metals, such as nickel, lithium and copper.
Take copper, which is key to energy distribution and transmission. Demand is high. By 2035, global supply is expected to jump 26% to 38.5 million tonnes – although experts warn of a shortfall, which could delay the energy transition.
The war in Ukraine has only boosted supply fears and caused exploration firms to look further afield for new sites.
In other words, demand for mining is only going to increase – and that’s not what you might think of with the promise of cleaner technologies and renewable energy investment.
Clean energy is not as clean-cut as you might think.
In fact, we might even see more mining than ever before.
In bringing products to market, companies will need to think about their own supply chain stories. It will be key to leading in sustainability and market education.
And finally
I saw this on Linkedin. Someone somewhere made a Halloween joke out of consultancies. Too funny.
