The conversion to renewable energy and electrification are central to the world’s clean energy future. The demand dynamics of mining are changing as a new range of commodities are sought. Miners need to plan strategically.
The conversion to renewable energy sources, accelerated adoption of electric vehicles (EVs), and general move toward increased electrification are all aspects of the global move toward the future of energy—which promises to drastically alter the demand dynamics of the mining industry. It also heralds new opportunities for miners and could reshape mining portfolios in the next few years. To position for success, however, miners likely need greater visibility into emerging demand drivers as well as regulatory support to diversify the supply chain for critical minerals.