Latest news with #industries
Zawya
6 days ago
- Business
- Zawya
Rare earths, real stakes: New Deloitte report highlights strategic importance of rare earth minerals in global energy transition
As clean energy demand skyrockets, the report unpacks how rare earth minerals are becoming the geopolitical and environmental fulcrum of the global decarbonization effort, and why governments and industries must act fast to secure sustainable, diversified supply chains. Rare earth needs linked to clean energy technologies are expected to grow by 300–700% by 2040. Dubai, United Arab Emirates – Deloitte's report, Rare Earth Minerals and Their Role in the Energy Transition, highlights the critical role these elements play in driving the shift to a low-carbon future. The report explores rising demand, geopolitical complexities, and sustainability challenges, offering actionable insights for governments, industries, and stakeholders invested in the clean energy economy. Rare earth minerals, used in technologies from electric vehicle (EV) motors to wind turbines and advanced electronics, are set to become even more vital as the world accelerates its transition to renewable energy. The report projects a substantial increase in demand; rare earth needs linked to clean energy technologies are expected to grow by 300–700% by 2040. However, it also warns of supply chain vulnerabilities, as the majority of these essential materials are processed in a few key regions, such as China, which dominates 90% of rare earth processing globally. 'Rare earth minerals are central to the energy transition but the environmental impact of extraction and processing needs to be carefully considered,' said Alexios Zachariadis, Partner at Deloitte Middle East. 'The rising demand for these materials underscores the need for global collaboration to ensure reliable, sustainable supply chains. Governments and industries must move quickly to secure investment in diverse supply sources, pursue technological solutions, and uphold environmental safeguards. This is critical not just for decarbonization, but for maintaining energy security and geopolitical stability.' The report highlights the growing reliance on rare earths for renewable energy technologies. For example, electric vehicles require six times more mineral inputs than traditional internal combustion engines. Direct-drive wind turbines, known for their high efficiency, also depend heavily on rare earth magnets. This dependency poses challenges, especially given the environmental impact of mining and processing rare earths, which can result in land degradation, water contamination, and toxic waste if not managed responsibly. China's dominant position in rare earth extraction and processing adds further complexity. While the country accounted for 60% of rare earth supply, it has also been investing heavily in global supply chains, raising concerns about potential trade restrictions and supply disruptions. This has prompted efforts in regions such as the United States, Europe, and the Middle East to diversify sourcing, develop recycling technologies, and explore alternative materials. The Middle East, particularly Saudi Arabia, is emerging as a key player in diversifying rare earth supply. The country's investments align with its broader Vision 2030 goals to reduce dependency on fossil fuels. However, potential projects in arid regions will need to address significant environmental and resource challenges, such as water scarcity and high energy costs. 'As the energy transition accelerates, the importance of rare earth sustainability will only grow,' added Zachariadis. 'Stakeholders must address the dual imperatives of reducing environmental impact and securing long-term supply. Innovations in recycling, advanced extraction methods, and alternative materials will be vital in ensuring the energy transition is both equitable and environmentally sustainable.' The Deloitte report also emphasizes the role of policymakers in creating clear frameworks to encourage investment in rare earth supply chains. By defining regulatory goals and standards, governments can help foster industry trust and innovation to accelerate cleaner, more efficient technologies. Looking ahead, the study identifies opportunities for industries to lead the charge in reducing dependency on rare earths. Automakers, for instance, are developing alternative EV technologies that require fewer minerals or rely on substitutes. Tesla and other companies are making advancements in externally excited synchronous motors that avoid the use of rare earth magnets, offering potential paths to mitigate supply risks. Rare Earth Minerals and Their Role in the Energy Transition paints a picture of both opportunity and urgency, outlining the strategic actions required to unlock the full potential of rare earths while safeguarding the environment. About Deloitte & Touche (M.E.) LLP: Deloitte & Touche (M.E.) LLP ('DME') is the affiliate for the territories of the Middle East and Cyprus of Deloitte NSE LLP ('NSE'), a UK limited liability partnership and member firms of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ('DTTL'). DME is a leading professional services organization established in the Middle East region with uninterrupted presence since 1926. DME's presence in the Middle East region is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DME's affiliates and related entities cannot oblige each other and/or DME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable for its own acts or omissions and not those of any other affiliate. DME provides services throughout 23 offices in 15 countries with more than 7,000 partners, directors and staff. About Deloitte: Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ('DTTL'), its global network of member firms, and their related entities (collectively, the 'Deloitte organization'). DTTL (also referred to as 'Deloitte Global') and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm sand related entity is liable only for its own acts and omissions, and not those of each other. DTTL, NSE and DME do not provide services to clients. Deloitte provides Audit & Assurance, Tax & Legal and Consulting and related services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories.
Fast Company
22-07-2025
- Business
- Fast Company
Scaling growth in the 5th Industrial Revolution
The 5th Industrial Revolution is driving a fundamental shift in how businesses operate, innovate, and scale—ushering in a new era of increased productivity, business growth, and transformation. As we step into its second phase, vast opportunities emerge for businesses employing a combination of agentic AI, generative AI, and skilled human resources. This powerful trio will transform businesses and impact how they operate, innovate, and thrive, igniting innovative business models for growth and expansion into new markets, with a wider range of products and services. POTENTIAL TO REVOLUTIONIZE OPERATIONS As early adopters exit the Familiarization and Experimentation Phase of the 5th Industrial Revolution and enter the Productivity and Innovation Phase, the key to success lies in scaling growth—turning technological advancements into tangible outcomes. Whether it's driving business model innovation, enhancing workforce skills, or capitalizing on AI-driven automation, the potential to revolutionize operations is enormous. How can companies seize the opportunities of the 5th Industrial Revolution, harness its power, and propel business forward into a new age of limitless possibility? Businesses in industries such as healthcare, manufacturing, and finance will benefit from optimization and fast and smart decision-making, while media industries will enjoy faster and lower costs in intellectual property development and production. Early-adopting businesses progressing quickly to gain an advantage over their competitors and boost their profits may discover challenges ahead without effective risk management, usability testing, and sufficient focus on people. Those that survive will find themselves moving into the Risk Management and Human-Focus Mitigation (and Adaption) Phase of the 5th Industrial Revolution. THE KEY TO SUCCESS The key to success is to focus on core business principles such as effective strategic and project planning; competitor analysis; technology and feasibility testing; human resource planning; operational efficiency through upskilling, cross-skilling, and automation; as well as both short-term and long-term financial sustainability. Business growth through new business models will rely on a multi-disciplinary approach from a range of skilled leaders in digital transformation, business, governance, and operations. In the face of fast-moving technological shifts, shape shifting risks, turbulent economic times, and geopolitical tensions, successful businesses will adopt an agile strategy with a lean, skilled, and efficient workforce, transferable technology, and an optimal culture of competence and collaboration. Ongoing interdepartmental strategic planning plays a vital role, with the evolutionary strategic plan managed and monitored by one or more business, digital, and technologically skilled strategic leaders—individuals capable of fostering collaboration among key stakeholders. Digital and business ethics are most effective when placed at the heart of strategy and balanced carefully across departments, with an emphasis on customers, human resources, and environmental impact. EVOLVING ETHICS As we navigate the 5th Industrial Revolution, digital and business ethics are increasingly moving from the margins to the core of business and corporate strategy. It is vital that leaders embed these principles across departments by giving focused attention to customer experience, workforce well-being, and environmental stewardship. Sustainability has evolved beyond financial resilience to encompass action on issues such as reducing paper use through digitization, investing in automation, embracing renewable energy, and deepening social responsibility. These elements are not only essential to brand reputation; they reflect the conscience of the organization. Striking the right balance between profitability and ethics remains critical for success in this era of transformation. With AI optimizing everything from daily operations to strategic vision, businesses that act boldly and embrace the seismic shift in the way we work and operate are well-positioned to stay competitive, boost productivity, and lead the way toward a future of exponential growth. Those that move decisively, ethically, and innovatively won't just stay ahead—they will define the future of business.
Bloomberg
19-07-2025
- Business
- Bloomberg
Trump Duties to Decimate China Profits, Bloomberg Economics Says
Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most of China's industries can't survive President Donald Trump's tariffs at current levels, according to a new analysis by Bloomberg Economics.
Japan Times
09-07-2025
- Science
- Japan Times
Japan needs to take the quantum-technology leap
From the World War II race for an atomic bomb, to the Cold War race for nuclear and space technologies, and now the global AI race, each technological frontier has reshaped the geopolitical landscape. Today, similar to AI, quantum technology is drawing attention for its rapid development and far-reaching implications. With a massive potential market, and expectations for commercialization within five years, global competition is intensifying. Quantum advancements, from computing and communications to object-detecting sensors, carry immense potential to transform both commercial industries and national defense. So what is quantum technology? All matter, including the human body, is composed of atoms, which themselves are made up of quantum particles. These particles exhibit both wave and particle properties and behave according to the unique laws of physics that govern the quantum realm at the nanoscale, where one nanometer equals one-millionth of a millimeter. At this scale, quantum technology leverages quantum mechanics to dramatically enhance computing, sensing and communications. Quantum computers can solve complex problems and perform optimizations that are extremely difficult for classical computers. Their potential applications span cryptography, materials science and logistics.
Bloomberg
09-07-2025
- Business
- Bloomberg
Trump Hardens Tariff Threats on Copper, Drugs
00:00 There was a flurry of comments, of course, in Cabinet yesterday from the president and some posts on social media. But moving the markets certainly in the mental space is copper. What does it mean? The 50% threat in tariffs on copper imports into the US for that market? Yes, Tom, this is quite significant. I will point out, first of all, this has been fairly highly telegraphed. We have heard rumblings from Trump in the past about potential tariffs on copper. But I do think this marks, if he goes ahead with trying to pursue this type of tariff, a pretty substantial broadening of a group of duties that he's really taking to two metals. Obviously, you know, he spent much of his term already focusing on the steel and aluminum markets. This would mark, I think, a pretty broad expansion, adding copper. I mean, this would come at a time, Tom, when you've got not just the United States but the rest of the world is really, really been focused on in particular imports of copper. It's really important for a ton of different industries. You're looking at, you know, data centers, automobile companies, really kind of, you know, fueling, you know, really, really important processes and industries, particularly as, you know, some of these companies build out, you know, electrical grids, electrical vehicle markets, that kind of thing. So to have Trump kind of come out now, it seems that, you know, his administration is saying that they've completed their investigation. They're quite seriously considering this. I do think, you know, that poses a pretty significant advancement of what Trump has already done in the way of trying to issue lobbies for, you know, really, really important metals. We have also been hearing, of course, from the president of the European Commission, Ursula von der Leyen, speaking about the need to rebalance trade between the EU and China. Let's take a listen. If our partnership is to move forward, we need a genuine rebalancing fewer market distortions, less overcapacity exported from China, and fair, reciprocal access for European business in China. So Joe, from Trump's threats of 50% tariffs on copper to the broader negotiations between the EU and the US, where do those conversations stand? Because yesterday we were talking about reporting that potentially the two sides could lock down a deal as soon as this week. Does that now look less likely? Well, Tom, I think the issue with trying to figure out what any of these deals ultimately look like before they're announced and quite frankly, sometimes after they're announced, is that Trump is often very, very difficult to predict. So, yes, I mean, yesterday we were hearing that what the deal looked like was potentially 10% across the board tariffs know, involving the EU, something that we did see a bit of optimism over yesterday. I think now it seems that some of the conversation is ultimately coming down to whether Airbus would ultimately be exempted from those tariffs. That's been a pretty critical point of focus for the EU, just because Airbus as the world's largest commercial jetliner is really kind of, you know, emblematic of a lot of the really complicated supply processes and mechanics of how the bloc sort of works with each other. Maybe that's still on the table at this point. But I would also point out that when again, when it comes to Trump world, nothing is really final until it's final. A lot of I mean, you know, just look at the way that he's been characterizing a lot of these talks just now and, you know, just today versus yesterday. I mean, yesterday he was talking about how this August one deadline was not 100% firm, firm, but not 100% firm. And now he's kind of, you know, walking back on that a little bit and I think trying to posture a little bit more strongly. So I think it just kind of shows that when it comes to negotiating with Trump, all of this can be really, really tricky. Maybe the EU still seeks out a deal that's more favorable to it than maybe what we originally saw with some of those Liberation Day tariffs back in April. But I do think that it does kind of indicate that there's still something that they need to focus on. But again, I think for the EU at the very least, Airbus is a really, really critical component of this to really protect.
