Cobalt Institute’s Post

A new UN panel has outlined actions and principles to secure critical minerals for the #energytransition, emphasizing justice, equity, and sustainable supply chains. These minerals are vital for #cleanenergy technologies like wind turbines and batteries. https://zurl.co/LLn9

These metals—cobalt, lithium, nickel, and rare earth elements—are indispensable in crafting the core components of electric vehicle batteries, solar panels, wind turbines, and other renewable energy technologies. This convergence of necessity and opportunity presents Africa with a unique advantage, allowing it not only to strengthen its economy but also to redefine its position on the world stage.  https://lnkd.in/d2sRb-a9

Critical / green energy transition minerals, are vital components in today’s rapidly expanding clean energy technologies—from wind turbines and solar panels to electric vehicles and battery storage systems. The global demand for these minerals, including copper, lithium, nickel, cobalt, and rare earth elements, is projected to nearly triple by 2030 as the world shifts away from fossil fuels towards renewable energy sources. April 26, 2024, United Nations Secretary-General António Guterres convened a Panel on Critical Energy Transition Minerals (#CETM). The panel was co-chaired by Ambassador Nozipho Joyce Mxakato-Diseko from #SouthAfrica and Ms. Ditte Juul Jørgensen from the European Union. It included a diverse group of members from various governments, including representatives from #African countries such as #Botswana, the Democratic Republic of Congo (#DRC), #Egypt, #Namibia, #Zambia, #Zimbabwe, the African Union, as well as non-state actors, the private sector, and other stakeholders. Dr. Marit Y. Kitaw, Interim Director of the African Minerals Development Centre (AMDC), participated as a member of the panel representing the #AfricanUnion. On 11 September 2024, the panel released its final report, titled "Resourcing the Energy Transition: Principles to Guide Critical Energy Transition Minerals Towards Equity and Justice." The report outlined seven guiding principles and five actionable recommendations. According to Secretary-General Guterres, the principles aim to "ground the renewables revolution in justice and equity, ensuring it drives sustainable development, respects people, protects the environment, and fosters prosperity in resource-rich developing countries." It should be recalled that in February 2024, the African Minerals Development Centre (AMDC) launched the Africa Green Minerals Strategy (AGMS). This strategy aims to ensure that Africa harnesses its vast mineral resources in a sustainable and environmentally responsible manner, supports the continent’s energy transition, and contributes to global green energy goals. The focus is on critical minerals essential for clean energy technologies, such as solar panels, wind turbines, batteries, and electric vehicles. In the coming weeks leading up to #COP29, we will share more details of the report, with an emphasis on its impact in Africa. #AMDCMedia #EnergyTransition #GreenMinerals #CriticalMinerals

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🔋⚡ South Africa: Powering the Battery-Powered Future! ⚡🔋 As the world accelerates towards a battery-driven future, South Africa emerges as a pivotal player, spearheading the supply of crucial battery minerals. Oscar van Antwerpen, from Minrom, underscores the nation's potential in meeting global demands while addressing renewable energy goals. With lithium, cobalt, nickel, and more in focus, van Antwerpen highlights the critical role these minerals play in driving innovation across e-mobility and renewable energy sectors. However, he stresses the importance of understanding the complexities within the battery mineral mining industry for a sustainable transition. Minrom leads the charge, leveraging specialized geological expertise to ethically extract minerals across Africa. By prioritizing environmental responsibility, they pave the way for South Africa to become a powerhouse in the green energy revolution.💡🌍 Read the full article from Bizcommunity.com here: https://lnkd.in/dceEPWWf #SouthAfrica #BatteryRevolution #GreenEnergy #RenewableFuture #SustainableDevelopment

☝ “A world powered by renewables is a world hungry for critical minerals.” In April 24, UN Secretary-General António Guterres launched a panel on Critical Energy Transition Minerals. This week the panel report was published. You can find it here: https://lnkd.in/e9t_a4EH Guterres’ summary: “A world powered by renewables is a world hungry for critical minerals. For developing countries, critical minerals are a critical opportunity – to create jobs, diversify economies, and dramatically boost revenues. But only if they are managed properly. The race to net zero cannot trample over the poor. The renewables revolution is happening – but we must guide it towards justice.” This is precisely the path DEM is following with its #Carachi Blanco project. In accordance with the 10 Principles of the UN Global Compact, we will strengthen the region through our ESG-compliant project development, create jobs, continue to address the needs of the local population and use environmentally friendly technology #MadeInGermany for mining green #lithium for the energy transition. Follow us to stay up to date!

The supply-demand gap for critical minerals is expanding significantly, driven by the surge in clean energy technologies, according to the International Energy Agency (IEA)’s latest report on the state of critical minerals globally. Bertha Dlamini, EMBA, CPRP, Founding President of African Women in Energy and Power (AWEaP), shares her expert analysis on the critical minerals market and its implications for the clean energy transition. Key takeaways: 💡 Surge in demand: critical minerals demand could increase up to 6x by 2040, with minerals like lithium, graphite, cobalt, and nickel seeing even steeper spikes 💡 Market impact: annual production value of critical minerals could surpass $250 billion by 2040, outpacing coal 💡 G7 commitments: significant goals for decarbonisation and zero-emission vehicles by 2035 were set, emphasising the need for responsible supply chains 💡 Africa’s energy challenge: 600 million people lack access to clean energy, requiring substantial investment in infrastructure 💡 Empowering women: African women’s entrepreneurial potential is key, but they face a $42 billion funding gap Discover how we can bridge the critical minerals gap and foster an inclusive, sustainable energy future. Dive into Bertha Dlamini's comprehensive analysis on Energy Connects. #EnergyConnects #energynews #energyindustry #news #oott #energytransition #minerals #africa

Mineral demand for use in electric vehicles (EVs) and battery storage is a major force, growing at least 30 times in the years up to 2040, writes Theresa Smith, ESI Africa News Editor. Did you know that the typical electric vehicle needs six times more mineral inputs than a conventional vehicle? The International Energy Agency (IEA) report on The Role of #CriticalMinerals in #CleanEnergy Transitions reminds us that the mineral resources needed in the #energytransition vary by technology. https://lnkd.in/eT4r-peR

🇺🇳”Critical energy transition minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today’s rapidly growing clean energy technologies – from wind turbines and solar panels to electric vehicles and battery storage. Demand for critical minerals is set to almost triple by 2030 as the world transitions from fossil fuels to renewable energy in order to reduce global carbon dioxide emissions to net zero by 2050.”

The role of critical minerals in clean energy transitions is becoming a priority. Availability, security of supply, price volatility and geopolitical instability combined with the multiple worldwide green energy initiatives are driving a strong rise in the overall demand/availability scenario potentially impacting the decarbonization clean energy markets. Find here a very interesting article published by IEA on this subject. (Credits to IEA)