The mining sector market has historically been dominated by iron ore and coal. But as countries ramped up their urge to curb carbon emissions, the global energy transition gained unprecedented scale and speed. Global energy transition investment hit a record of $755 billion in 2021, spurred by global climate goals requiring net-zero emissions by 2050, and the same year, lithium prices surged 10-fold. S&P Global Market Intelligence forecasts that lithium-ion battery capacity will reach 6.5 TWh by 2030, almost tripling current capacity. As energy transitions away from fossil fuels, there is presently a lack of suitable alternatives for lithium, a crucial component in the production of batteries and a key element of the advancement of clean energy technology.
As the demand for lithium-powered energy sources is expected to continue to increase in the upcoming decade, current governments are attempting to add measures to meet clean…
