Batteries and energy storage.
With the rise of renewable energies and electric vehicles, a major transition is underway in global energy markets. The key to facilitating growth in both areas is the falling cost of lithium-ion (Li-ion) batteries. Cheaper batteries have helped to reduce the cost of electric vehicles and are making large-scale energy storage on the power grid -- which is a necessity if renewables are to continue growing -- a reality.
Secure access to lithium, cobalt and other battery-related materials will be vital to economic development.
Competition over resources to build batteries could see protests, skirmishing and illegal trade where the resources are.
Companies face higher due diligence demands when sourcing battery-producing materials.
