Page 175 - CW E-Magazine (3-9-2024)

Special Report

Copper (Mt) Lithium (Mt Li) Nickel (Mt) Cobalt (kt) Graphite (Mt) Rare earths (kt) ®
25 0.5 6.0 300 5 75

20 0.4 4.8 240 4 60

15 0.3 3.6 180 3 45
Achieve flawless quality control
10 0.2 2.4 120 2 30
​ ​ ​
​ ​ ​
5 0.1 1.2 60 1 15 with Azentio ONEERP

N-1 material requirements N-1 supply 35% of requirements

Fig. 4: N-1 material requirements and N-1 refi ned material supply in 2030 in APS.
Source: IEA
consumers and for affordability, bringing carbon intensity, relying mostly on coal- nario, saving an amount roughly equiva-
clean technology costs back on a down- based electricity. lent to today’s production. Recycling rates In industries where precision, traceability, and
ward trajectory, including the 14% reduc- for many materials have exhibited limited
tion in battery prices in 2023. However, Some $800-bn of investment in mining growth in the past. In the NZE Scenario, quality control are paramount, implementing an
falling prices also make spending to is required to get on track for a 1.5°C however, this needs to change, with grow-
ensure reliable and diversifi ed supply less scenario to 2040 ing policy attention to stepping up rates advanced batch tracking system is essential.
appealing to investors. This price effect In the APS, approximately $590-bn of collection and reprocessing. Recycled
has had the biggest consequences in new is required over the same period. These quantities of copper and cobalt could Azentio ONEERP provides comprehensive tools
and emerging resource holders; in the increases need to be made in a way that reduce 2040 primary supply requirements
case of nickel, three-quarters of operating fosters a more diversifi ed array of supply by 30%, and 15% for lithium and nickel. and functionalities to enhance batch traceability,
or potential projects that are at risk are sources in the future. Financing diversifi ed Without the uptake of recycling and
outside the top three producers. critical mineral supply chains faces reuse, mining capital requirements would ensuring that products meet the highest
numerous challenges, such as cost infl ation, need to be one-third higher.
Our fi rst-of-its-kind risk assessment long-term price uncertainty and limited standards.
reveals potential areas of weakness for value placed on diversifi cation by con- New supplies must not come at the cost
each mineral in supporting energy tran- sumers. This requires specifi c policy mea- of local communities or the environment
sition goals sures to reinforce the investment case for Our systematic ESG performance
The Outlook includes a new risk supply chain diversifi cation. Enhancing tracking paints a mixed picture. The Scan the QR code and book your demo today!
assessment framework for key energy tran- market transparency can also help, from industry is making progress on worker
sition minerals, across four major dimen- pricing – with benefi ts to be drawn from safety, gender balance, community invest-
sions – supply risks, geopolitical risks, effi cient price discovery mechanisms and ment and renewable energy uses, but the
barriers to respond to supply disruptions, fi nancial tools to hedge risks – to infor- same cannot be said for waste generation,
and exposure to environmental, social mation, with a strong need for increasing emissions and water consumption and
and governance (ESG) and climate risks. the availability of reliable data on con- discharge, suggesting ample scope for
Overall, lithium and graphite show the sumption, supply and trade. improvement. The benefi ts associated with
highest risk scores. Lithium and copper mineral production, such as revenue and ®
are more exposed to supply and volume Stepping up efforts to recycle, innovate jobs, have to be felt by producer countries
risks whereas graphite, cobalt, rare earths and encourage behavioural change is and communities. Voluntary sustainability ONEERP
and nickel face more substantial geo- vital to ease potential strains on supply standards can help actors improve ESG
political risks. Most minerals are exposed In the case of lithium, the combination performance, but greater transparency, contactus@azentio.com | azentio.com
to high environmental risks. For example, of right sizing EV batteries, alternative due diligence, harmonised approaches to
today’s refi ning operations occur in chemistries and recycling could reduce credibility and appropriate incentives are
places where grids tend to have a higher demand by 25% in 2030 in the NZE Sce- needed to tap their full potential.

174 Chemical Weekly September 3, 2024

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