Transition metals
Click on an icon to see the rapid demand growth driven by increased renewable energy use.
Iron ore
+22%
Projected demand for iron ore 2023-2030 CAGR +22%
Demand for iron ore exceeds world's supply in 2029
(Projected deficit by 2030 is 3%)
Aluminium
+28%
Projected demand for aluminium 2023-2030 CAGR +28%
Demand for aluminium exceeds world's supply in 2024
(Projected deficit by 2030 is 25%)
Copper
+23%
Projected demand for copper 2023-2030 CAGR +23%.
Demand for copper exceeds world's supply in 2024
(Projected deficit by 2030 is 37%)
Nickel
+22%
Projected demand for nickel 2023-2030 CAGR +22%.
Demand for nickel exceeds world's supply in 2028
(Projected deficit by 2030 is 14%)
Zinc
+15%
Projected demand for zinc 2023-2030 CAGR +15%.
Demand for zinc exceeds world's supply in 2029
(Projected deficit by 2030 is 2%)
Silver
+23%
Projected demand for silver 2023-2030 CAGR +23%.
Demand for silver exceeds world's supply in 2024
(Projected deficit by 2030 is 109%)
Platinum
+84%
Projected demand for platinum 2023-2030 CAGR +84%.
Demand for platinum exceeds world's supply in 2024
(Projected deficit by 2030 is 25%)
Cobalt
+19%
Projected demand for cobalt 2023-2030 CAGR +19%.
Demand for cobalt exceeds world's supply in 2026
(Projected deficit by 2030 is 28%)
Lithium
+48%
Projected demand for lithium 2023-2030 CAGR +48%.
Demand for lithium exceeds world's supply in 2029
(Projected deficit by 2030 is 12%)
Source: Bank of America 2024
Clean power rewrites the rules
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Transition metals
Transition energy
Carbon pricing
Critical inputs to produce, distribute and store clean energy
Facilitates peak energy demand and bridges the gap to net zero
Discourages pollution and increases competitiveness of renewables
Find out which metals are needed
Discover the cleanest bridging fuels
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Transition energy
Carbon pricing
Transition metals