All the refined metals needed to reach net zero by 2050 will add up to less than the amount of coal mined in 2023 alone, according to Energy Transitions Commission.
Leading miners have seen their valuations decline as slowing growth for electric cars and a weaker economy in China curtail demand for some commodities.
Minmetals Corp. will take control of a province-backed lithium company in a bid to speed development of a “world-class” industry extracting the battery material.