Report: World’s supply of critical minerals for clean energy is concentrated in fewer countries

China Tightens Grip on Critical Metals Despite Global Diversification Drive

Beijing has strengthened its dominance in the supply chains of critical minerals and rare earth elements despite a push by the Western nations to reduce reliance on China. The heavily concentrated supply of critical minerals in a handful of countries and China’s export controls are raising the risk of “painful disruptions” in the market, the International Energy Agency (IEA) warned in its new annual report, Global Critical Minerals Outlook. Whil…

Mineral supply for sustainable development requires resource governance

Successful delivery of the United Nations sustainable development goals and implementation of the Paris Agreement requires technologies that utilize a wide range of minerals in vast quantities. Metal recycling and technological change will contribute to sustaining supply, but mining must continue and grow for the foreseeable future to ensure that such minerals remain available to industry. New links are needed between existing institutional fram…

Retired WVNG Major General urges bolstering US battery supply chain

WASHINGTON, DC (WOWK) - Rare earth minerals are in just about everything we use that has a battery, from our phones to fighter jets. And protecting those minerals and the supply chain that provides them is why the former head of the West Virginia National Guard was in Washington, DC, on Tuesday to testify about energy security in America. Retired Major General Bill Crane spoke at a Capitol Hill briefing event sponsored by the National Battery Co…

China maintains global critical minerals dominance: Report

The NewsChina has maintained its dominance over critical minerals, despite Western nations’ efforts to diversify supply chains, a new International Energy Agency report found. The average market share of copper, lithium, nickel, cobalt, graphite, and rare-earth elements by the world’s top three producers reached 86% in 2024, up from 82% in 2020. “Almost all supply growth” came from a single source, the IEA said: Indonesia for nickel, and China f…

Global Supply Chain at Risk as China Dominates Critical Minerals Market

The world’s sources of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global economy vulnerable to supply cutoffs that could disrupt industry and hit consumers with higher prices, a report said Wednesday. The Paris-based International Energy Agency’s report looked at the availability of minerals and metals that may be small in quantity — but large in impact when it comes to shifting the e…

IEA Report Reveals Global Economy's Vulnerability Due to Concentration of Critical Minerals in Few Countries

IEA report highlights China's dominance in critical minerals, raising global supply concerns and potential price hikes. Diversification and government policies are key.