As countries across the globe focus on cutting greenhouse gas emissions, researchers are working on developing a host of green technologies that will ease global heating. Apart from the rise in renewable energy sources, there is a surge in the production of electric vehicles. EVs are expected to curb dependency on fossil fuel use and fight climate change as experts believe plug-in vehicles are more climate-friendly than conventional vehicles.
Given the existing reserves, some minerals such as graphite and vanadium would allow greater production with higher investments in extraction. For minerals like lithium, lead, zinc, silver and silicon the current reserves may not be enough for future demand.
Ferro-Alloy Resources Limited (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.
