Future demand https://finance.yahoo.com/news/metals-oil-future-010000681.html
The energy transition is in full swing, with electric vehicles supplanting gas guzzlers and solar panels and wind turbines replacing coal and oil as the world’s leading energy sources. Scientists have warned that keeping temperature rises to 1.5C requires global emissions to be cut by 45% by 2030 and to zero overall by mid-century. In the ongoing COP26 climate summit, nations have promised to end deforestation, curb CO2 and methane emissions and also stop public investment in coal power.
The energy transition is driving the next commodity supercycle, with immense prospects for technology manufacturers, energy traders, and investors. Indeed, new energy research provider BloombergNEF estimates that the global transition will require ~$173 trillion in energy supply and infrastructure investment over the next three decades, with renewable energy expected to provide 85% of our energy needs by 2050.
But nowhere is the outlook brighter than the metals industry.
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