Better lives, better climate: Latin America and its minerals
The global decarbonization and technological transformation processes are significantly increasing demand for critical minerals like copper, lithium, nickel, cobalt, rare earths, et al. As net exporter of many of these increasingly critical metals and minerals, Latin America and the Caribbean face a unique opportunity to leverage its rich endowment of mineral resources to prove itself a reliable and strategic partner in the energy transition while diligently and smartly adding value locally. Increased responsible and sustainable production of these minerals would decrease supply risks and simultaneously provide development leverage for the region. In this context, the IDB is actively supporting governments and other stakeholders in securing the enabling conditions (institutional, social, and environmental) for responsible investments in mining.
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