McKinsey Adds to Warnings of Clean-Energy Metals Shortages (1)

McKinsey & Co. joined the growing chorus warning that metals considered key to the clean-energy transition face shortages in coming years, potentially suppressing the adoption of electric cars, wind turbines and solar panels.

These deficits likely will slow global decarbonization efforts by raising supply-chain costs and, consequently, the prices of lower-carbon products, McKinsey said in a report released Wednesday. Trafigura Chief Executive Officer Jeremy Weir and BloombergNEF have expressed similar concerns.

Trafigura CEO Says Tight Metal Supply Threatens Green Transition

Nickel, necessary for the lithium-ion batteries that power electric vehicles, is expected to face shortages of about 10% to 20% ...