Philip Andrews-Speed – Can the Arctic be a significant contributor of critical minerals

The main theme of the report is assessing the Arctic's potential in significantly contributing to future supplies of critical minerals needed for the global energy transition. Key findings include the growing demand for critical minerals to support low-carbon energy transition and global economic growth. Despite its hostile environment, the Arctic is a region with historical and existing mineral production. Today, the Arctic provides more than 10% of global production of only three critical minerals: platinum, palladium, and nickel. Physical and geographical factors make the costs and timelines of mineral extraction in the Arctic significantly higher than in other parts of the world.