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Banks’ role in securing minerals for a low-carbon future

Blended finance and MDBs will play a critical role in helping de-risk the investments needed in the mining sector to power the green industries of the future
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Banks’ role in securing minerals for a low-carbon futureImage: Bloomberg

The PlayStation game No Man’s Sky offers a glimpse into a world not far removed from how life on Earth is panning out, as countries scramble to stockpile the critical raw materials and minerals — like silicon, cobalt, copper, lithium, platinum, palladium, nickel and manganese — and rare earth elements — like dysprosium, neodymium, praseodymium and terbium — needed to power a lower-carbon future.

In the game, space travellers’ survival hinges on their ability to find and extract these critical metals and minerals to power bases, electric vehicles and rockets, and construct buildings that provide shelter from the radioactive and toxic elements on less-than-hospitable planets.

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Anita Hawser is the Europe editor at The Banker. For the past 20 years, Anita has worked as a freelance journalist for a range of banking, finance and tech titles covering topics such as cybersecurity, financial crime, cryptocurrencies, payments, trade and supply chain finance. Before joining The Banker, Anita was Europe editor at Global Finance.
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