Transition in the mining industry with green energy: Economic dynamics in mining demand

Abstract

This paper examines transformation of the mining industry in the Global South due to the rising demand for electric vehicles (EVs), which is a part of disruptive green technologies. South Africa & Democratic Republic of the Congo (DRC) are two important suppliers of critical minerals like cobalt, nickel, lithium, copper. This research tries to explore economic dynamics of mineral extraction and green transport. Using quantitative regression analysis, this paper tries to find the relationship between demand for EVs and its economic impact on mining industry's overall sales. The analysis has shown impact of critical minerals & mining sale and how disruptive technology like Evs are affecting mineral-rich countries sustainable mining. This paper is trying to shows some light on economic importance of critical minerals in transition of mining industry due to green vehicles or Evs. The association between the emerging green technology and the mining sector. The study focuses on nations in the Global South that have substantial control over the supply chain of essential minerals used in electric car batteries. The main objective of this study is to conduct an academic investigation of the many implications of green transport on the mining sector in the Global South. • Global demand for minerals for green energy and sustainable transport is transforming the mining sector, particularly in the Global South. • Disruptive technologies especially electric vehicles(EVs), are driving increased metal extraction for components like cobalt, and lithium. • This research tries to explore the economic dynamics between mining sales and demand for such minerals which are required for green transportation. • South World countries play a key role in the supply of minerals such as cobalt, nickel, and copper required for green transport technologies. • The analysis is restricted to the south world countries only.

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