The growth of renewable energy production foster the demand for mineral resources as primary inputs, including Copper, silicon, Lithium, Nickel, Cobalt, manganese and aluminium, are thriving.

Besides, the sky-high growth in some relevant renewable technologies, including solar photovoltaics (PV), wind turbines, electric vehicles (EVs) and battery storage, emerges as the critical phenomenon for increasing demand for these metallic minerals. In particular, the global electrification process and trend largely depend on energy storage based on the supply of battery metals.

The statistic shows that since 2010, the average amount of minerals needed for a new unit of power generation capacity has increased by 50% as the share of renewables has risen. The sources of those minerals are highly concentrated among a few countries, including Australia, Peru, Chile, China, Indonesia, USA and Russian Federation.