Mineral demand is growing and will continue to grow, driven by demand for mineral-intensive applications from aircraft engines to electric vehicle batteries. To meet this heightened mineral demand, the mineral supply must also increase—by a lot. Benchmark Mineral Intelligence estimates that at least 384 mines of lithium, nickel, cobalt, and graphite are needed to meet projected demand by 2035. Can such a tremendous supply of minerals come online in time? Technology—namely, large-scale commercialization of existing technologies—can help increase the mineral supply by enabling the profitable extraction and processing of minerals that were previously unprofitable to extract and process.
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