![]() Opportunities presented by energy metals such as lithium, copper, nickel, uranium, etc.High level macro-economic analysis on the energy metals sectors for 2023. ![]() The GCFF Virtual Conference 2023 - Energy Metals Day, a free online webinar, is held on May 11, 2023, and provided our viewers with: ![]() As renewable energy becomes more important across the globe, the demand for REE is increasing. China still dominates the rare earths market, accounting for 70% of global production. As the global nuclear power industry accelerates its rebound, the number of new nuclear power plants will steadily increase, which will create stronger uranium demand in the foreseeable future.Īs per the latest data from US Geological Survey (USGS), the production of rare earth elements in 2022 has increased to 300,000 metric tonnes (MT) globally, up significantly from 190,000 MT four years prior. Meanwhile, a new nuclear reactor in the US has started up for the first time in almost seven years. ![]() By 2035, installed nuclear power capacity in the Chinese is expected to exceed 200 million kilowatts, accounting for 10%-15% of the country's electricity generation. Uranium is a critical element to reaching net-zero emissions by 2050.Ĭurrently, there are 76 nuclear power units are under construction in Mainland China, with an installed capacity of 81 million kilowatts, ranking second in the world. ![]() The global trend toward a cleaner economy has paved the way for nuclear energy. Suppliers will face the challenge of meeting the demands of the transport and power sectors while simultaneously reducing their carbon footprint. By 2050, nickel demand may triple, copper demand may more than double, and the demand for lithium chemicals is projected to grow 700%. The energy transition is poised to benefit energy metals in the long run, with demand to be boosted by rising electric vehicle sales and battery demand. ![]()
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