Which metals are key for the energy transition?
Cobalt, nickel, manganese and lithium are critical to making EV batteries. Rare earths such as neodymium, praseodymium and dysprosium are used in computer memory and magnets in wind turbines.
Copper and aluminum are used in electricity networks, and platinum is a catalyst for hydrogen.
These materials “will be at the center of decarbonization efforts and electrification of the economy, as we move from fossil fuels to wind and solar power generation, battery- and fuel-cell-based electric vehicles (EVs) and hydrogen production,” consulting firm McKinsey reported earlier this year.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.