The 2030 Agenda for Sustainable Development emphasizes the importance of implementing equitable and effective measures to tackle the pressing challenge of climate change. The deployment of low-carbon technologies such as solar panels, wind turbines and lithium-ion batteries, which are highly mineral-intensive, will drive a mining boom in Latin America and the Caribbean.

The presence of lithium, copper, nickel and other minerals in the countries of Latin America and the Caribbean presents opportunities to develop the mining sector, diversify production, add upstream and downstream value, establish networks of local suppliers and enhance regional integration and cooperation. However, the reliable and affordable supply of these resources is subject to supply-side risks and demand-side pressures.