Critical Minerals: Between Volatility and Risk

Changes in prices jeopardize the investments that are needed for growing demand

Prices of key minerals used in clean energy technologies fell in 2023, but a new analysis from the International Energy Agency (IEA) shows the need for larger, more diversified investment to support efforts to reduce carbon emissions.

Pressure eased in 2023 on the market for minerals used in electric vehicles, wind turbines, solar panels, and other clean energy technologies, as supply outpaced growing demand. But the IEA warns that significant additional investments are still needed to meet global energy and climate goals.

The “Global Critical Minerals Outlook 2024” report, released on Friday last week, updates the IEA’s inaugural market review last year. At the same time, it offers new medium- and long-term prospects for the supply and demand of important energy transition minerals, such as lithium, copper, nickel, cobalt, graphite and rare earth elements.

Continue reading news in La Razón