The Energy Transition represents a monumental transformation of the global economy and metals and mined commodities are a key enabler of change. Without the extraordinary expansion of new metals supply, the transition will not unfold. But new supply sources will also bring sustainability issues of their own. For suppliers and investors, the pace of change is unknown, but the opportunities are clear – and yet investment in mining is still to respond in earnest. What can be done to ensure sufficient supply while meeting the broader sustainability goals of the Paris Agreement?
Key points for this session include:
- Identifying the scale of the supply challenge: Woodmac estimates a tripling of Nickel production by 2050, doubling of Copper and Aluminium, a 9-fold increase in Lithium. A development timeframe for most mined commodities that makes 2030 targets almost impossible to meet.
- What are the road blocks to investment in critical energy transition minerals? What difficulties are suppliers enduring during development?
- What changes are required to secure funding? How can miners access investors that prefer ‘safer’ sectors such as infrastructure?
- Are accelerated developments possible without compromising other sustainability goals?
- What is Africa’s role in meeting global demand?
Monday 06 February 14:30 - 15:20 Main Stage
Main Stage
Vice President of Metals and Mining Markets, Wood Mackenzie
Director, Corporate Engagement & Strategic Partnership, Fair Cobalt Alliance
Global Director - Energy and Extractives Global Practice, World Bank
CEO, Bushveld Minerals
CEO, African Exploration Mining and Finance Corporation
CEO, Kumba Iron Ore
Senior Executive: Environment, Health and Legacies, Minerals Council South Africa