4th Industrial Revolution Could Bolster This Critical Minerals ETF

A global transition to alternative energy is helping to fuel a fourth industrial revolution (4IR). This will increase demand for critical minerals, leading to opportunities in ETFs that specifically focus on these in-demand minerals.

Meeting carbon emissions goals means more countries must shore up supplies of critical minerals to manufacture clean energy technologies. From hydroelectric power devices to (EVs, 4IR will require significant critical minerals for a variety of alternative energy applications.

"Central to the 4IR transformation are critical minerals like copper, uranium, lithium and nickel," a Sprott Critical Materials Monthly report stated. 'These are pivotal in transitioning toward more sustainable and interconnected energy systems.

When it comes to specific minerals/metals, copper is one to watch. Its electrical conductivity properties will mean demand for copper will only increase exponentially as more consumers rely on electric power.

"Copper, essential for its superior electrical conductivity, is fundamental in manufacturing renewable energy technologies such as wind turbines, solar panels and EVs," the report added. "The International Energy Agency projects that global copper demand could double over the next two decades, fueled by investments in renewable energy and the electrification of transport."