AD Ports Group And Critical Minerals Forum Sign MoU To Strengthen Global Supply Chains For Critical Minerals

AD Ports Group has entered into a Memorandum of Understanding with the Critical Minerals Forum (CMF) to enhance global critical minerals supply chains. This partnership aims to leverage AD Ports Group's extensive network of ports, terminals, and shipping routes to support CMF's mission of expanding these supply chains. The collaboration aligns with AD Ports Group's goal of enabling trade and driving economic growth as demand for minerals like graphite, cobalt, manganese, nickel, and lithium rises.

The International Energy Agency highlights that producing an electric vehicle requires six times more materials than a conventional car. Demand for graphite, cobalt, and nickel is expected to increase 20-fold by 2040, while lithium demand may rise 13-fold. The World Bank estimates that three billion tonnes of critical minerals will be needed by 2050 to decarbonise the global energy system.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, stated: "Our collaboration with the Critical Minerals Forum represents a pivotal step in addressing the growing global demand for critical minerals, which are essential for decarbonisation and sustainable energy solutions. Leveraging AD Ports Group’s world-class infrastructure, including our expansive network of ports, terminals, and shipping routes, we are uniquely positioned to support resilient and diversified supply chains. This collaboration underscores our commitment to enabling trade and driving global economic growth while contributing to the transition to a greener future."

Rob Strayer, President of the Critical Minerals Forum, remarked: "This partnership marks a significant step forward in ensuring the resilience and diversification of critical minerals supply chains globally. Critical minerals often move between multiple continents from mine to processor to manufacturer. AD Ports Group’s extensive logistics capabilities will be instrumental in achieving our shared goals."

The Critical Minerals Forum focuses on fostering resilient supply chains by bringing together key stakeholders such as miners, processors, manufacturers, investors, and public sector entities. It promotes transparency in pricing and cost structures while projecting supply-demand trends. Both organisations see this MoU as crucial for international growth through enhanced supply chain resilience.

This collaboration not only strengthens their ability to meet rising global mineral demands but also creates new opportunities for success in regional and global markets. Together, they aim to contribute significantly to sustainable economic development and support the transition towards a greener future.

With inputs from WAM