Decarbonizing iron ore and steel industry by 2050 requires $1.4 trillion investment — report
To stay in line with the Paris Climate Agreement, requires revolution across every stage of the value chain.
Posts by Wood Mackenzie:
Pathways to sustainable smelting
As major economies march towards a net-zero future, there is a growing endeavour to produce metals with little-to-no carbon footprint.
Recycling alone can ease raw materials supply pressure but cannot meet demand
Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030.
Demand for steel alloys grows as the energy transition gains momentum
Global stainless steel melt production is expected to be about 62 million tonnes (Mt) in 2022, rising to 90 Mt by 2050.
Steel industry emissions to decline 30% by 2050 — report
Steel is a challenging sector to decarbonise. However, evolving green steel goals are altering the supply landscape and steelmakers are under pressure from stakeholders.
Global lithium-ion battery capacity to rise five-fold by 2030
The Asia Pacific region, led by China, accounted for 90% of the world’s battery manufacturing in 2021.
Coal prices spike as Russia-Ukraine crisis escalates
Buyers in markets including Europe, Japan, South Korea, and China are scrambling to address their exposure to Russian supply.
Global markets count cost of Russian invasion
Ukraine war may leave lasting mark on world economy.
China’s renewables boom year poses major challenges to western markets
Balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie.
Voluntary carbon markets: Here to stay?
In Wood Mackenzie's view, offsets can work effectively as a tool in the decarbonisation toolbox.
2022 – a year of rebalancing for metals and mining
“The most likely outcome is an environment where commodity prices can settle from the extraordinary highs of 2021. But there are plenty of risks to this outlook," says Wood Mackenzie.
Gold exploration vital for future supply
In 2019, the flight to safe haven assets has happened amid concerns of a slowdown in the global economy and heightened geopolitical […]
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