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The reality of green energy: “green metal” supply chains won’t be able to keep up

NC State SCRC

What will happen to those manufacturers that can’t or won’t convert? The IEA predicts about a seven fold increase of such “green metals” by 2030. Copper and nickel would require $250-300bn in capex before 2030. So by extension, this will make the logistics of taking cobalt out of the Congo difficult.

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Chief Green

Supply Chain Movement

Since then, evidence has emerged of other huge fires in Africa’s Congo Basin forest, Siberia and Indonesia. Ray Andersen, CEO of the US carpet tile manufacturer Interface, announced his Mission Zero commitment for 2020 back in 1994.

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Shining a Light on the EV Supply Chain: A Poor Environmental and Human Rights Record

NC State SCRC

S&P Global Mobility forecasts electric vehicle sales in the United States could reach 40 percent of total passenger car sales by 2030 , and more optimistic projections foresee electric vehicle sales surpassing 50 percent by 2030. The IEA predicts about a seven fold increase of such “green metals” by 2030. billion in 2015.

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4 Crucial Commodities to Watch in 2023

Resilinc

Presently, The Democratic Republic of Congo (DRC) is the top producer of cobalt—making 71% of the world’s supply. Department of Energy), global demand for lithium-ion batteries is expected to increase more than 5X by 2030. Now, the leading use of cobalt is rechargeable battery electrodes. Companies are also looking to make a change.

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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. million metric tons.

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Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. Cobalt demand will exceed supply by 42% in 2025 and 170% in 2030. million metric tons.

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How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

The automotive industry is undergoing a massive technological transformation toward vehicle electrification and the shift presents huge opportunities for manufacturers that do business in the US, especially since the passage of the Inflation Reduction Act in August 2022. What’s in the Inflation Reduction Act’s New Clean Vehicle Credit?