The market for minerals key to clean energy transition – such as lithium – soars to US$320 billion in 2022 but faces challenges including volatile prices, supply chain snarls and geopolitical tensions. – EPA pic, July 11, 2023.
THE market for the minerals key to the clean energy transition soared to US$320 billion last year but faces challenges including volatile prices, supply chain snarls and geopolitical tensions, the International Energy Agency said today. The market for minerals such as lithium, cobalt, nickel and copper doubled between 2017 and 2022, fuelled by the record deployment of clean technologies such as solar panels and electric car batteries, the IEA said.
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