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ARTICLE · 25 OCTOBER 2023

A "Critical" Transition For The Mining Sector

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The global energy transition has become a critical driver of both the present-day state and future of the mining industry in Canada and around the world.

GlobalEnergy and Natural Resources
Michael Pickersgill
Michael Pickersgill
Braden Jebson
Braden Jebson
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The global energy transition has become a critical driver of both the present-day state and future of the mining industry in Canada and around the world. The projected massive increase in demand for energy transition metals, coupled with expected shortfalls in supply and the related actions of governments to ensure the security of critical mineral supply and capture the up-stream economic potential of critical mineral supply chains, is creating significant opportunities for project developers as well as new legal considerations.

Market demand

The energy transition continues to drive demand for all forms of critical minerals. Demand is not limited to the battery metals dominating headlines but also includes copper and other minerals required for the development of the infrastructure necessary to support the transition. Commodity prices largely returned to typical levels in 2023, following elevated prices in 2021-2022, but the demand fundamentals continue to exist

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