Metals May Become the New Oil in Net-Zero Emissions Scenario
Economists project that prices for energy-transition metals will soar and their combined value could match that of crude oil
Source: nakedcapitalism.com
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Metals may become the new oil in net-zero emissions scenario
Low greenhouse gas technologies require more metals than their fossil fuel-based counterparts. This column estimates supply elasticities and pins down the price impact of the energy transition on the metals markets. The results show that prices for copper, nickel, cobalt, and lithium could reach historical peaks for an unprecedented, sustained period in a net zero emissions
Source: voxeu.org