To get critical minerals mines built, automakers and Big Tech need to enter the fray
With the attention on decarbonization, the world is shifting toward an acute shortage of critical minerals that are necessary for the clean-energy transition. Mining companies and their stock prices have been searching for a jolt, and much-needed capital investments from electric-vehicle manufacturers can provide it.
The mining industry has many challenges, but at the top of the list is the length it takes for a mine to be permitted. There is no pipeline of near-permitted and fully financed deposits to respond to the decarbonization transformation. It typically takes around 15 years to bring a mine into production, and in Canada, up to 25 years.
Can we, in the mining industry, successfully rebrand our industry to our end customers, riding on the coattails of the auto manufacturers, in order to highlight that we foster people, safety and innovation? If we don’t, there won’t be enough workers to mine the critical minerals.
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