Analysts Predict Net Zero Energy Transition Will Push Most Battery Metals Into Shortage By 2030 How Investors Can Potentially Get Exposure
–News Direct–
By Rachael Green, Benzinga
Shares of Sprott Energy Transition Material ETF (NASDAQ: SETM) could be positioned for growth as the quest for new supplies of key battery metals like lithium and nickel intensifies. Sprott Asset Management launched the ETF at the beginning of the year as a way to give investors pure-play access to critical minerals that will be key to the global clean energy transition currently underway.
Battery Metals Are Quickly Approaching Extreme Shortages
According to the International Energy Agency (IEA), lithium demand has tripled since 2017, and its forecast to increase tenfold from 2022 to 2040 in order to meet the battery and electricity storage needs of countries aiming to reach net zero emissions by 2050.
The soaring demand for lithium is almost enti...