How many new mines are needed for the Energy Transition?
Fascinating visualization showing that meeting global battery demand by 2030 would require 293 new mines split as shown below which will not be physically possible given the time needed to develop a new mine... - Copper, used in wires and other applications, and lithium, essential for batteries, will require the greatest number of new mines. - Manganese production would need to increase more than 4x to meet the anticipated demand. This is not going to be feasible when we know that it takes nearly 29 years to develop a new mine in the US and 10 to 15 years in Ghana, the Democratic Republic of Congo, and Laos... The transition objectives will de facto be delayed which means an increased temperature, and we'll have to learn to adapt anyway. Better late than never...