CO2 QUOTE Closing from 10-02-2025 80,96 €/T

Fragmentation of critical minerals markets would slow down the transition to clean energy

The race between warring powers to secure access to strategic minerals could contribute to price pressures and increase the cost of the climate transition. Broadly speaking, new trade barriers in commodity markets have doubled since Russia’s invasion of Ukraine as producers impose restrictions on transportation. Critical minerals used in manufacturing, whether electric vehicles (EVs), solar panels, or wind turbines, are highly vulnerable to the most severe trade restrictions. Drifting into opposing trade blocs could significantly delay the energy transition.

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