The challenge we face as a society is moving from what we have today to get to that initial set up. The mineral inputs for wind and solar power, and for the associated infrastructure of electrification and battery storage, will require significant inputs of certain critical minerals. Recycling alone will only provide approximately 10% of supply requirements by 2040, according to the International Energy Agency. Critical minerals generally include lithium, copper, nickel, cobalt, and other rare earth elements. Recognizing the importance to future ambitions, many governments have also developed critical mineral strategies to support the responsible development of these raw materials.
To put it plainly, we, as a society, need more critical minerals if we are to meet our climate ambitions. And this is the crucial role of mining companies, to responsibly produce these essential elements to the energy transition.
Mining companies are gearing up to provide the raw materials our cities and communities need, while reducing their own carbon footprint. With 4,400 people in WSP’s global mining business, we also have an important contribution to make. Whether it’s developing new mines for critical minerals or increasing the efficiency or longevity of existing mines, we partner with companies who have strong ESG commitments to deliver the resources our world needs.