Surging demand for renewables will boost these 3 metals, analysts predict

0 2
Drazen_ | E+ | Getty ImagesA transition to renewable sources of energy will prompt a surge in demand for base metals in the coming years, Wood Mackenzie has predicted.In a report published Monday, analysts at the energy consultancy said that as governments fulfil commitments to limit global warming, a growing reliance on solar power would boost demand for several non-ferrous metals.Three metals in particular were named by Wood Mackenzie as commodities to watch: aluminum, copper and zinc.The report's authors outlined three possible scenarios for the metals, with demand growth for each depending on the success of international efforts to limit global warming.Under the Paris Agreement — a landmark deal adopted in 2015 and signed by 196 countries — nations agreed to a framework to prevent global temperatures from rising by any more than 2 degrees Celsius compared to pre-industrial levels, although the treaty aims to prevent global temperature rises exceeding 1.5 degrees Celsiu
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.