Video Resource 1.1

In future, mining and trading of mineral products will continue to have a prominent role in the global economy as the demand for minerals and materials will continue to increase. A recent World Bank Group report concludes that production of minerals, such as graphite, lithium, and cobalt, could increase nearly 500 % by 2050 to meet growing demand for clean energy technologies. Critical raw materials (like rare earth elements) are required for sustainable development and the transition from fossil fuel to renewable energy sources. The question therefore arises as to how a growing world population can be supplied with mineral and energy resources in the long term in a sustainable manner. Providing resources for future generations economically, using environmentally sound and socially accepted practices, has become and will remain a major global challenge.