"Clean Energy Demand Fuels Unprecedented Growth in Critical Minerals Market"

The global energy transition to clean technologies is at risk due to the concentration of critical minerals mining and refining in the hands of a few companies and countries, according to a report by the International Renewable Energy Agency (IRENA). The limited capacity for mining and processing these minerals, such as lithium, cobalt, nickel, and copper, could lead to supply disruptions and market constraints. IRENA called for diversifying the sources of these minerals and developing inclusive and sustainable value chains to reduce geopolitical risks and ensure a smooth energy transition.