BHP forecasts electric models will account for 60% of new car sales by 2030, rising to 90% by 2040. — Photo by Andrew Roberts on Unsplash
Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest-open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile long Super Pit still frequently rattle the main street.
As about 2,700 executives, investment bankers and industry stalwarts gathered in the precious metals hub last week for Australia’s key annual mining forum it was clear where the industry’s focus lies. All attention is on the frantic hunt for battery metals to deliver the world’s shift to electric vehicles.
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