It did not take long for COP26 to turn into a farce with UN Secretary General António Guterres pleading with the gathered highnesses and excellencies to declare enough is enough.
Canada is the only Western nation that has an abundance of cobalt, graphite, lithium, and nickel, essential to creating the batteries and EVs of the future.
EV battery costs were approaching parity with gas-powered cars, but Benchmark believes decline may be at an end as lithium prices surge 313% in a year and cobalt, nickel prices jump.
New report lays out how the green energy transition “starts and ends with metals” but the required exponential growth in mining is a glaring hole in US and global decarbonisation strategies.