IEF - Critical Minerals Comparison Report

The "Critical Minerals Outlooks Comparison" report investigates the escalating role of critical minerals in the realm of clean energy technologies. As demand for electric vehicles (EVs) and renewable energy surges, minerals like lithium, cobalt, and nickel gain prominence due to their essentiality in batteries and solar panels. The report scrutinizes 11 diverse reports to unveil varying demand projections for critical minerals under disparate energy and technology scenarios. Climate outcome-driven models, shared economic pathways, and technological blends form the foundation of these projections. Technologies like solar photovoltaics, wind turbines, EVs, and battery storage consistently take the spotlight across scenarios, crucial for greenhouse gas reduction. The report also delves into resource requirements, recycling opportunities and challenges, sub-technologies' impact, and supply-side obstacles. The projections bear inherent uncertainty, attributed to evolving markets and technologies. The report emphasizes collaboration between the energy modeling and mining communities as key to refining demand projections and orchestrating a smooth transition towards a low-carbon energy future.