The global trend towards using clean energy systems such as battery storage technology will see “heightened demand” for minerals and metals including lead and lithium, according to a new World Bank report. A shift to a low-carbon future “could result in opportunities for mineral-rich countries”, the report said. But it warned these nations must have “long-term strategies in place that enable them to make smart investment decisions”.
The global trend towards renewable energy and energy storage technology will create a "heightened demand" for metals such as lead and lithium that are used in batteries, according to a World Bank report. The shift towards clean energy "could result in opportunities for mineral-rich countries" but the bank warned these states must prepare "long-term strategies that enable them to make smart investment decisions".