Mining industry needs $2.1 trillion in new investments by 2050 — BloombergNEF

From Mining.com

The mining industry will require $2.1 trillion in new investments by 2050 to meet the raw material demands of a net-zero emissions world, according to BloombergNEF’s (BNEF) annual Transition Metals Outlook.

Despite a decade of growth in metals supply, BNEF reports that current raw material availability remains insufficient to meet the rising demand.

The report highlights that critical energy transition metals, including aluminum, copper, and lithium, could face supply deficits this decade—some as early as this year.