May 18, 2022 · Demand for critical minerals is set to expand as the uptake of clean energy technologies continues to accelerate. If countries fully implement the national energy and climate pledges they have announced, mineral demand for clean energy technologies would more than double by 2030 and triple by 2040, reaching nearly 35 million tonnes (Mt) annually.

May 5, 2021 · Demand for these minerals will grow quickly as clean energy transitions gather pace. This new World Energy Outlook Special Report provides the most comprehensive analysis to date of the complex links between these minerals and the prospects for a secure, rapid transformation of the energy sector.

Sep 23, 2024 · The World Economic Forum has today released a report exploring how to secure a sustainable, affordable and equitable supply of critical minerals globally. Despite the crucial importance of rare minerals and metals for various lower-carbon technologies, including those required for electric vehicles and solar panels, the report highlights significant ongoing supply shortages which risk ...

The Global Critical Minerals Outlook 2024 follows the IEA’s inaugural review of the market last year. It provides a snapshot of industry developments in 2023 and early 2024 and offers medium- and long-term outlooks for the demand and supply of key energy transition minerals based on the latest technology and policy trends.

Aug 14, 2024 · Instead, international cooperation needs to be prioritized to ensure long-term availability of critical minerals. As Stephen Scalet from Trends Research & Advisory emphasizes, the two forces that will allow for this are a global convener on critical minerals and greater knowledge production from thinktanks, universities and industry ...

May 26, 2023 · Critical minerals – the once forgotten elements crucial to modern day technology – have made it to the top of the geopolitical agenda. A global battery arms race, driven by the advent of electric vehicles (EVs), has seen a step change in demand for lithium, nickel, cobalt, graphite, manganese and rare earths.

Feb 3, 2023 · As per the Energy Act of 2020, Section 7002, subsection 2, the critical minerals list is revised every three years by the US Geological Survey. The most recent final list is that of 2022. These minerals are deemed critical minerals by the US government in light of their role in national security or economic development.

Sep 9, 2024 · The Global Critical Minerals Outlook 2024 follows the IEA’s inaugural review of the market last year. It provides a snapshot of industry developments in 2023 and early 2024 and offers medium- and long-term outlooks for the demand and supply of key energy transition minerals based on the latest technology and policy trends.

However, the critical minerals market had a turbulent year in 2023 and the main story of the year was falling prices. Battery minerals saw particularly large declines with lithium spot prices plummeting by 75% and other key materials such as nickel, cobalt, manganese, and graphite seeing declines of 30-45%.

Apr 29, 2024 · Just as oil was key to progress during the last century, critical minerals are crucial to this century's energy transition. Growing dependency on critical minerals is leading to anxieties over continuing supply and the geopolitical influence they bestow. A new World Economic Forum paper suggests such fears may be exaggerated.