On May 17, the International Energy Agency (IEA) released the "Global Critical Minerals Outlook 2024," indicating that a sharp drop in production prices for some minerals crucial to the green energy transition may lead to insufficient investment and a potential risk of supply shortages in the future.
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Global supply for critical minerals outpaces demand observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
The combined market size of energy transition minerals such as lithium, copper, nickel, cobalt and graphite is set to grow to a whopping $770 billion by 2040 in a pathway to net zero emissions by mid-century, according to International Energy Agency.
Critical Mineral Price Plunge Hides Future Supply Risk miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.