The demand for renewable energy technology is global but the required mining map of mineral resources required for these technologies is not . India is dominant in iron , steel and titanium . China ’ s position in mineral resources dwarfs that of other countries , including Canada and the US . In 2015 China was producing 32m metric tons of aluminum smelter . Russia was next with 3.5m metric tons produced . The map of untapped mining reserves is much broader with untapped pockets of the world holding huge amounts of resources . The largest share in 95 percent of world chromium resources , for example , are in Kazakhstan . More than 50 percent of global cobalt reserves are in Congo .

The result is significant growth opportunities in supply for both mining companies and the currently under-served and under-producing mineral-rich nations . Latin America is in an excellent position to play a crucial role in global supplies of climate-friendly technology minerals . The continent holds particularly significant reserves of copper , iron , silver , lithium , aluminum , nickel ,

manganese and zinc . Africa has significant opportunity in supply , with large reserves of platinum , manganese , bauxite and chromium . Guinea alone holds 26 percent of known global reserves of bauxite , but is currently only responsible for 6.5 percent of global production . Developing countries overall hold 94 percent of the world ’ s bauxite reserves , 100 percent of chromium reserves , 67 percent of cobalt reserves and 46 percent of copper reserves . There is opportunity for investment in mining and mineral production in regions that have historically struggled to capture significant components of global supply chains . Better mapping of minerals in Global South countries will create more opportunities to develop sustainable mining in resource-rich

countries , where mapping technology is currently weak compared with

A lowcarbon future isn ’ t possible without significant access to key minerals

resource-rich Global North countries .

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