Prices of key minerals and metals for the clean energy transition have spiked in recent months

Clean energy technologies require a variety of minerals and metals, and today’s tense geopolitical situation, rising commodity prices and supply chain bottlenecks have highlighted the need for serious actions to enhance the diversity and resilience of their supply. At the IEA Ministerial Meeting in March 2022, IEA Member Countries voted to endorse and deepen the IEA’s work on critical minerals as part of the Agency’s new mandates to strengthen and broaden its work on energy security.

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