How is the raw-materials crisis brought on by the current geopolitical situation effecting the energy transition? We discussed it on Restart
The ongoing Russian-Ukrainian war, its economic impact and subsequent effects on the energy situation of the West are among the most widely-debated topics on the world stage today. But how much of a strategic resource are raw materials today?
This report, conducted by Annalisa Bruchi as part of the program Restart, on air every Monday evening on Rai2, gives us a clear overview of the current geopolitical situation, and the vulnerabilities in the European economy and in Italian businesses caused by the shortage of raw materials. Today’s world leaders are those in possession of geo-resources and with the capacity and technological skill to extract them. An example? Russia, China, and the United States.
Journalist Maila Paone has collected direct testimony from various figures in the Italian manufacturing industry who are facing a spike in raw-materials costs and consequent difficulties in procurement and production.
Among the questions Paone posed to our CEO and Founder Marco Righi, one is particularly relevant: “What metals are used inside a battery-powered electric vehicle? And will this resource crisis influence the energy transition?”
“Among the metals found inside a battery, 34% are aluminium, followed by other strategic components that are currently very difficult to come by. The spike in raw-materials costs may cause prices to increase over tenfold compared to 2021, which would have an extremely negative effect on the energy transition. Without the introduction of government incentives in favour of businesses, it could all slow down, delaying the introduction of electric vehicles into the market.”
WATCH THE VIDEO IN ITS ORIGINAL LANGUAGE: