Demand for clean energy and the minerals that support it is growing exponentially. Regions rich in these minerals represent an opportunity for investors and mining companies alike. Mining-friendly and highly developed Botswana is one such region.
Manganese has a long history in steel production, with the steel industry currently consuming 90 percent of global manganese output . Given that the global market for steel is expected to reach US$9.63 billion by 2027 , manganese's position as a critical resource is secure for the foreseeable future. Yet there's another use for the mineral, one that has gained increasing prevalence in recent years.
It is no secret that the global push for electrification and clean energy has reached a fever pitch. In the European Union, for instance, the government plans to ban the sale of petrol and diesel vehicles by 2035 as part of a push to be completely climate-neutral by 2050 . By then, it's projected that up to 700 million electric vehicles (EVs) will be on the roads globally.
For further details see:
More Than Just Diamonds: How Botswana Could Become a Major Player in Battery Manganese