Minerals and metals required for current decarbonisation trajectories may not meet demand and could require $4tn of investment by 2030.
Latest analysis from McKinsey reveals in The net-zero materials transition: Implications for global supply chains report the supply of many minerals and metals embedded in key lower-carbon technologies are expected to face a shortage by 2030.
The report uncovers materials like nickel are expected to experience modest shortages (approximately 10% to 20%), while dysprosium, a highly magnetic material used in most electric motors, could see shortages of up to 70%.
