It says the move towards cleaner energy is creating a demand for critical minerals such as lithium, nickel and cobalt for energy transmission, as well as silicon, uranium and rare earth elements for solar, wind and nuclear energy generation.
“If you look at energy generation from fossil or wind versus natural gas, you’re talking about 15 times more, so there is a massive need for metals. The key here for us is if we don’t get investment into critical minerals in the future, the energy transition will be held back.” Market capitalisation for critical miners outperformed the average market capitalisations of the top 40 mining companies by between 49% and 147%, while the value of deals concluded by these miners tripled.READ: It is estimated that the annual demand for clean energy technologies will reach over $400 billion in 30 years.
Even though coal has generated massive incomes, it will likely be replaced by critical minerals in 30 years as they are expected to grow at a phenomenal pace. South Africa is positioning itself to take advantage of the transition to a low-carbon economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Former R20 MILLION Orlando Pirates man linked with SHOCK move to Kaizer Chiefs!BREAKING: Former R20 MILLION Orlando Pirates man linked with SHOCK move to Kaizer Chiefs! It's not everyday you see an Orlando Pirates man linked to their greatest rivals Kaizer Chiefs. However, that changed today with this R20 MILLION man!
Source: TheSAnews - 🏆 25. / 59 Read more »
Lebogang Manyama Closing In On Next Move After Kaizer Chiefs ExitA former Kaizer Chiefs star could be close to securing a move to DStv Premiership rivals after exiting Naturena, the Siya crew has learnt. SLSiya Read more: CTC are not Kaizer Chiefs' rivals
Source: Soccer_Laduma - 🏆 22. / 63 Read more »
Millionaires are on the move again, including South Africans – here’s where they are goingA tsunami of private capital has left Russia and Ukraine, the UK has lost its wealth hub crown, and the US is fading fast as a magnet for the world’s wealthy, with the UAE expected to overtake it by attracting the largest net inflows of millionaires globally in 2022.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Challenge to government's move on Zimbabweans living legally in SAA legal challenge is being mounted against the home affairs ministry's decision to terminate the permit system allowing Zimbabweans to live legally in SA.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Pitso linked with lucrative Qatari moveFresh from parting ways with Al Ahly, Pitso Mosimane has already been linked with a lucrative move to Qatar. You lack credibility, despite statement yesterday by Pitso management team, you published this Go well go shell Jingles Wish its true. All the best Jingles
Source: KickOffMagazine - 🏆 36. / 51 Read more »
Dollar index jumps to two-decade high as traders await Fed rate move - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The dollar hit a fresh two-decade high against a basket of currencies on Tuesday, as traders braced for an aggressive rate hike from the US Federal Reserve this week to try to curb inflation.
Source: SABCNews - 🏆 37. / 51 Read more »