Mining has a bad rep. amongst sustainable investors. They see it as a nasty, unsustainable business riddled with pollution and human suffering. Sure, the industry has it’s problems, but it’s important to understand that mining of certain minerals is absolutely essential, if we are to transition from a fossil fuel powered energy system, to a renewable one.
Minerals have already played a key role in the evolution of humankind and the progression of civilisation. For our ”green future” it will not be much different, as lot’s of crucial minerals are required to make green technologies a reality. These include solar panels, wind turbines, electric cars and, energy efficient lightning.
Electric cars use 4x the amount of metals and minerals compared to conventional cars. Based on government ambitions in terms of electric car sales, means there is and will continue to be a huge increase in demand for copper, nickel and cobalt, but also for rare metals such as neodymium and dysprosium.
Innovation isn’t the sectors strongest point as many of the processing technologies are from 50 or so years ago. The bigger players are showing an increasing interest in innovation and interest in deep sea mining is also strong. This comes with it’s own set of concerns.