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Au moment où de plus en plus d'États se montrent en faveur d'un moratoire sur l'exploitation minière des grands fonds marins, la société canadienne The Metals Company a annoncé vouloir s'allier aux États-Unis pour puiser du cuivre, du zinc et autres minéraux dans les profondeurs du Pacifique.

An investigation by conservationists has found evidence that deep-seabed mining of rare minerals could cause “extensive and irreversible” damage to the planet.The report, to be published on Monday by the international wildlife charity Fauna & Flora, adds to the growing controversy that surrounds proposals to sweep the ocean floor of rare minerals that include cobalt, manganese and nickel. Mining companies want to exploit these deposits – which are crucial to the alternative energy sector – because land supplies are running low, they say.

Reaching climate neutrality by 2050 will require 35 more times lithium and up to 26 more times the amount of rare metals compared to today’s limited use, according to a study by a team of researchers from the Belgian university KU Leuven. The study “Metals for Clean Energy” was commissioned by Eurometaux, Europe’s association of metal producers.

To this day, the demand for metals has kept increasing. The energy transition necessary to meet climate objectives will add to that demand during the upcoming decades, for low-carbon energy technologies require larger metal quantities than their fossil-fuel based counterparts. This frequently raises concerns over the actual capacity of geological stocks to meet demand at scale, which we investigate in the present analysis.

Low greenhouse gas technologies require more metals than their fossil fuel-based counterparts. This column estimates supply elasticities and pins down the price impact of the energy transition on the metals markets. The results show that prices for copper, nickel, cobalt, and lithium could reach historical peaks for an unprecedented, sustained period in a net zero emissions scenario. The total value of production could rise more than four-fold for the period 2021-2040, rivaling the total value of crude oil production.