Energy

Electric vehicles, renewables will need rise in mineral supply: IEA

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The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy Agency. 

A new report from the Paris-based organization, published Wednesday and entitled “The Role of Critical Minerals in Clean Energy Transitions,” focuses on the importance of nickel, cobalt, lithium, copper and rare earth elements.

In a statement accompanying the report’s release, the IEA outlined how much the need for these materials could increase going forward.

“Demand outlooks and supply vulnerabilities vary widely by mineral,” it said, “but the…



Source cnbc.com

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