Not only do the smaller miners have a larger risk-reward profile, but most also lack the research analyst coverage advisors need to assess a potential investment properly. Perhaps the biggest challenge facing advisors looking to invest specifically in miners focused on critical energy transition minerals is that the bulk of the exploration work is being done by junior, micro-cap miners, according to Red Cloud Securities Inc. Whitehouse says, adding its Alma smelter in the Saguenay–LacSaint-Jean region of Quebec is on the cutting edge of industry development. Meanwhile, Rio Tino has among the lowest-emission aluminum smelters in the world, Mr. Those refer to greenhouse gas emissions related to using extracted commodities further down their supply chains.
FSUMF and Rio Tinto Group RIO-N.įortescue, which is known primarily as an Australia-based iron ore producer, has been moving into hydrogen production in recent years and has also set ambitious targets to reduce its scope three emissions, Mr. Whiteside considers “real standout companies who are ticking all the boxes” include Fortescue Metals Group Ltd. He adds more opportunities lie with mid-tier miners as “most of the new capacity will be delivered by the incumbent producers.”Ī report PricewaterhouseCoopers Canada (PwC) published in June says the global mining sector must “rapidly scale up its discovery and delivery of critical minerals” as there is currently “significant underinvestment” in that sector.Ĭiting recent estimates from the International Energy Agency, the report said annual demand for critical minerals from clean energy technologies will surpass US$400-billion by 2050, which is equivalent to the annual revenue of the current coal market.
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