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Meeting the European Union’s Green Deal goal of climate neutrality by 2050 will require 35 times more lithium and 7 to 26 times the amount of increasingly scarce rare earth metals compared to Europe’s limited use today, according to a study from Belgium's Katholieke Universiteit (KU Leuven).
The energy transition will also require far greater annual supplies of aluminium (an increase of 33% on top of today’s use), copper (35%), silicon (45%), nickel (100%), and cobalt (330%), all essential to Europe’s plans for producing the electric vehicles and batteries, renewable wind, solar and hydrogen energy technologies, and the grid infrastructure needed to achieve climate neutrality.
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