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IEA Critical Minerals Market Review 2023
October 13 , 2023
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- The first IEA Critical Minerals and Clean Energy Summit held at Paris, France.
- The IEA Critical Minerals Market Review 2023 was released earlier this year.
- The market for critical minerals has grown by a factor of two over the previous five years and reached $320 billion in 2022.
- Critical minerals include copper, lithium, nickel and cobalt.
- They are essential components in such rapidly growing clean energy technologies.
- Between 2017 and 2022, demand from the energy sector for lithium tripled.
- There was a 70 per cent increase in cobalt demand and a rise of 40 per cent in nickel demand.
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