The firm’s latest report, titled ‘Climate Risks to Nine Key Commodities Report’, shows that the production of copper, cobalt and lithium minerals crucial for the clean energy transition could face significant or higher drought risk by 2050 under a high-emissions scenario. Currently, these critical minerals are only at a 10% risk.

The report also showed that food crops face significant risk. Under a high-emissions scenario, 90% of the world’s rice production could face significant heat stress by 2050, and more than 30% of maize and 50% of wheat could face significant drought risk by 2050. Taken together, these three crops account for 42% of the calories people eat.

Darren Parker

Read full article by Darren Parker in Mining Weekly

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