Posted by Alumni from WEF
September 20, 2024
As the world transitions towards sustainable practices and the demand for minerals essential to the energy transition surges, the mining industry stands at a transformative juncture. For investors and capital allocators, the integration of advanced technologies across various stages of mining ' from exploration to recycling ' offers significant growth potential and financial returns. The demand for minerals is witnessing unprecedented growth, primarily driven by the transition to renewable energy, electric vehicles (EVs) and digital technologies. The demand for critical minerals is expected to increase by up to six times by 2040 to meet the needs of clean energy technologies. Advancements in exploration technologies, including geospatial analysis, drone surveying and artificial intelligence (AI), have revolutionized how mining companies identify and assess mineral deposits. AI algorithms can analyze geological data to predict the location of mineral deposits more accurately. Today,... learn more