Tag: energy transition
Business Mining Top Story

Nigeria’s artisanal mining shakes up global lithium market amid price plunge

By Lagos Metropolitan News Desk The global lithium market has experienced significant turbulence over the past two years, with prices plummeting due to an oversupply and weaker-than-expected demand for electric vehicle (EV) batteries. This downturn is exemplified by the dramatic fall in the CME contract for lithium hydroxide from a 2022 high of $85,000 per Read More…
Environment Top Story World

Global energy transition to cause short-term economic pain -report

The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries will generate jobs, Read More…