Critical minerals: 5 things to watch in a consolidation year - Gigafactories make demand estimates concrete
... Battery gigafactories will play a key role in defining market dynamics in the critical minerals space – for mining companies and other players across the supply-chain - with 2024 representing an important milestone for such a trend. … In addition to meeting unprecedented quantity requirements,
markets will need to adjust to localisation trends, technology advancements and security concerns. The strategic nature of critical minerals means that such operational challenges will also become political, exposing businesses to
increasingly complex regulatory and reputational risks in 2024.
- Trade controls go global
The fact that many of these new factories – particularly in the US and Europe - benefit from incentives from industrial policies means that they need to comply with geopolitics-driven sourcing requirements. In the concrete sector, this means reducing dependence on China …
- Producing countries face maturity test
... As demand manifests, it is
time for consumer players to rely on suppliers who are able to translate reserves into deliveries. ...
- Technology disruptions shape new trends
...
Innovation – even if incremental - will be a key aspect impacting the critical minerals space in 2024, on both the demand and supply side of things. ...
- Risers and faller
... Countries will be defined by different and interconnected phenomena, including natural reserves, regulatory maturity and geopolitical positioning.
Countries like Australia,
Canada, Argentina and Indonesia
are currently well positioned (if for different reasons) to become interesting success stories. … From a business perspective,
winners will be companies and investors who are proactive regarding geopolitical and ESG trends and adopt an agnostic view about the far-reaching impacts – including supply-chains – of critical minerals competition.
Those with technical expertise gained in other activities that can be adapted to critical minerals will also be potential champions ...
https://www.controlrisks.com/our-thinking/insights/critical-minerals-5-things-to-watch-in-a-consolidation-year?utm_referrer=https://www.google.com