Renewable power requires fossil fuels, metals and minerals, Norman says. Copper, for example, is essential to electric vehicles, charging stations and supporting the electrical grid. Other essential commodities include cobalt, nickel and zinc, as well as water — large quantities of which are
needed for mining and mineral processing. And even as society pushes toward that net zero future, climate change will likely also mean higher prices for agricultural commodities, says Ehiwario Efeyini, senior market strategist for the CIO.