Energy Transition Likely to Skyrocket Demand for Critical Minerals, says IEA

While the world transitions to alternative energy solutions such as wind turbines and electric vehicles (EV), adequate supplies of critical minerals essential for these technologies must be met to avoid potential security hazards, according to the International Energy Agency (IEA). 

The global energy watchdog in a new report, “The Role of Critical Minerals in Clean Energy Transitions,” detailed the discrepancy between the world’s climate goals and the availability of critical minerals. Copper, nickel and cobalt, among other minerals are necessary to produce alternative energy technologies. 

Executive Director Faith Birol said the discrepancy can be corrected, but “governments must give clear signals about how they plan to turn their climate pledges into action. By acting...