{"id":349414,"date":"2024-10-29T14:33:19","date_gmt":"2024-10-29T13:33:19","guid":{"rendered":"https:\/\/climatescience.press\/?p=349414"},"modified":"2024-10-29T14:33:21","modified_gmt":"2024-10-29T13:33:21","slug":"mckinsey-report-large-net-zero-mineral-supply-shortfall","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=349414","title":{"rendered":"McKinsey Report: Large Net Zero Mineral Supply Shortfall"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

\u201c\u2026 current mineral supply meets between 10 and 35% of projected 2050 requirements \u2026\u201d<\/p>\n\n\n\n

\n

McKinsey: Clean Energy sees Critical Minerals Supply Crisis<\/strong><\/p>\n\n\n\n

By Sean Ashcroft<\/a>
October 25, 2024<\/p>\n\n\n\n

McKinsey clean energy report part 1: Mining faces long-term critical minerals supply shortfall as demand soars for raw materials to fuel clean energy drive<\/p>\n\n\n\n

Ensuring sufficient critical minerals are available to support the deployment of low-emissions technologies will require significant scale-up of their extraction and refining, a new McKinsey report says.<\/p>\n\n\n\n

The report \u2013 The hard stuff: Navigating the physical realities of the energy transition<\/a><\/strong> \u2013 stresses how the energy transition is in its early stages, with only an estimated 10% of required deployment of low-emissions technologies by 2050 achieved in most areas.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

McKinsey says current mineral supply meets between 10 and 35% of projected 2050 requirements. This assessment comes under the consultancy\u2019s Achieved Commitments scenario, which models countries meeting their stated climate pledges.<\/p>\n\n\n\n

The authors identify supply expansion speed as a primary constraint. They highlight uncertainties around material substitution technologies. Performance impacts of alternative materials require evaluation.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

The consultancy forecasts nickel demand will increase by 100%. Dysprosium and terbium requirements could expand by 400%. Lithium demand faces a potential 700% surge.<\/p>\n\n\n\n

\u2026Read more:\u00a0<\/p>\n\n\n\n

https:\/\/miningdigital.com\/sustainability\/mckinsey-warns-of-critical-minerals-supply-crisis<\/a><\/p>\n<\/blockquote>\n\n\n\n

Imagine commissioning a trillion dollar project without checking the logistics. Surely nobody could be that stupid.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\u2026 current mineral supply meets between 10 and 35% of projected 2050 requirements \u2026\u201d<\/p>\n","protected":false},"author":121246920,"featured_media":349419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691819627,691818618,691831177,691819013,691818154,691831178],"class_list":{"0":"post-349414","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-clean-energy","9":"tag-energy-transition","10":"tag-intermittent-wind-and-solar","11":"tag-mining","12":"tag-net-zero","13":"tag-supply-crisis","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Screenshot-2024-10-29-143131-1.png?fit=1541%2C866&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1sTI","jetpack-related-posts":[{"id":349590,"url":"https:\/\/climatescience.press\/?p=349590","url_meta":{"origin":349414,"position":0},"title":"Electric Vehicle Battery Size Should be Cut by One Third Due to Acute Lithium Shortage, Say U.K.\u2019s Top Engineers","author":"uwe.roland.gross","date":"10\/31\/2024","format":false,"excerpt":"Range-challenged electric vehicles could face further sales disincentives with a proposal from Britain\u2019s top engineers that battery sizes be reduced by one third. 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