The production of minerals such as graphite, lithium and cobalt could potentially increase by 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank reports.
In a report, titled ‘Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition’, the World Bank estimates that more than three-billion tons of minerals and metals will be needed to deploy wind, solar and geothermal power, as well as energy storage.