Digging for cobalt [image credit: mining.com]
When was that, you may ask. Anyway, whoever thinks there was such a time is about to find out it’s becoming a memory only, according to this article. For one thing, the required mining has been exposed as lacking investor appeal due to its environmental footprint, so to speak. Also, demand is likely to accelerate and the mining industry could well struggle to keep pace.
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Supply chain disruptions, rising raw materials costs, and geopolitical tensions have jolted the price of solar panels, wind turbines, and EV batteries, and some analysts now think that the era of cheap renewable energy is over, says OilPrice.com.
The continual decline in production cost for wind, solar, and EV batteries was touted as the driver of their growing adoption and ultimate takeover of the global grid.
Up until two years ago, there was no other…
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