IRENA – Ranking Critical Materials for the Energy Transition, 2024

The number of critical material lists is increasing, attracting capital to their supply chain and driving initiatives for higher environmental and social standards. This report presents a methodology for ranking critical materials for renewable energy, aiming to offer a global perspective and address gaps in existing lists. It discusses findings on mineral supply chain dynamics, impacted by geopolitical and technological changes, posing challenges for predicting future critical materials. Recommendations provided aim to guide policymakers and market actors in establishing and maintaining critical material lists to ensure a reliable supply of these essential resources.