Even as consumption growth for other commodities like grain probably will trail off in the next 30 years, metals will remain in high demand, the bank said.
Las Bamas acknowledges that 20% of its obligations under a resettlement agreement are outstanding, including the purchase of new lands for the community.
Increased prices for fossil fuels have shifted the conversation, potentially benefitting oil and gas projects in Africa as importers scramble to diversify supply chains away from Russia.
In addition to ESG risks linked to its extraction, cobalt is at the top of the list because only two countries are in charge of producing and refining the battery metal.
