News Formal

Critical minerals market for clean energy technologies doubles in five years - SABC News

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The market for critical minerals used in electric vehicles, solar panels, and wind turbines has doubled in the past five years and, is likely to rise further as clean energy technologies expand at historic levels.

The market for critical minerals used in electric vehicles, solar panels, and wind turbines has doubled in the past five years and, is likely to rise further as clean energy technologies such as solar and batteries expand at historic levels.

The market has responded, with investment in essential mineral development increasing by 30% last year, led by lithium, which saw a 50% increase. The International Energy Agency’s inaugural ‘Critical Minerals Market’ analysis found that the energy sector was the primary driver of a tripling in overall demand for lithium, as well as a 70% increase in cobalt demand and a 40% increase in nickel demand.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Key topics and featured speakers at Digital Finance 2023 - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsDigital Finance Africa 2023 is a major conference taking place on the 2nd of August at Gallagher Convention Centre in Johannesburg hosted by IT News Africa, bringing together leading experts, innovators, and stakeholders across Africa's financial industry. Let us delve into the top key topics and speakers that will be covered at Digital Finance Africa 2023.
Source: ITNewsAfrica - 🏆 27. / 59 Read more »