To stay in line with the Paris Climate Agreement, requires revolution across every stage of the value chain.

As major economies march towards a net-zero future, there is a growing endeavour to produce metals with little-to-no carbon footprint.  

Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030. 

Global stainless steel melt production is expected to be about 62 million tonnes (Mt) in 2022, rising to 90 Mt by 2050.

Steel is a challenging sector to decarbonise. However, evolving green steel goals are altering the supply landscape and steelmakers are under pressure from stakeholders.

The Asia Pacific region, led by China, accounted for 90% of the world’s battery manufacturing in 2021.

Buyers in markets including Europe, Japan, South Korea, and China are scrambling to address their exposure to Russian supply.

Ukraine war may leave lasting mark on world economy.

Balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie.

In Wood Mackenzie's view, offsets can work effectively as a tool in the decarbonisation toolbox.

“The most likely outcome is an environment where commodity prices can settle from the extraordinary highs of 2021. But there are plenty of risks to this outlook," says Wood Mackenzie.

In 2019, the flight to safe haven assets has happened amid concerns of a slowdown in the global economy and heightened geopolitical […]