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By 2050, Mineral Demand to Soar by 500% Pushed by Renewable Expansion: World Bank

Renewable technologies are more mineral-intensive than fossil-fuel-based electricity generation technologies

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The World Bank Group (WBG) has released a report that said demand for key minerals used in clean energy technology could grow almost 500% by 2050 to meet growing demand. It added that over three billion tons of minerals and metals would be required to deploy wind, solar, and geothermal power, as well as in energy storage.

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