The energy transition and ‘green’ technologies spark enormous demands for minerals. Norway set out to become a supplier of raw materials which, in the current geopolitical tensions, are much needed not only by the country itself but also the European Union. In late June 2023, the Norwegian government’s Ministry of Trade, Industry and Fisheries unveiled… Read more »
Author: Anna-Sophie Hobi
In October 2022, lithium prices reached an all-time high. Lithium is an essential component for electric vehicle batteries, and with the current high ambitions in electrification of transport, demand for the mineral has been rapidly increasing, hitting a record price of $74,475 per tonne in October 2022. In Zimbabwe, where some of the world’s largest… Read more »
Global mining uses more than 57.000 km2 of land. This area is likely to expand in the coming years due to a rising mineral demand for low-carbon technologies. The more strategic minerals become, the more critical the land becomes below which they are found. This poses a number of challenges.
Batteries are as essential to the “green” energy transition as wind parks, solar power, and electric cars. These green energy technologies all require vast amounts of minerals. Norway has the potential to be an important new supplier of batteries, but it has been surprisingly silent on the issue – until now.
Electric vehicles (EV) sales are on the rise. One of key ingredients for EV batteries is lithium, which is not that easily replaced as a key element in batteries. Thus, the demand in the lightweight mineral will continue to grow – the investment bank UBS estimates it demand will grow eight times by 2030. Considering… Read more »