Archive · 21 May 2025
IEA Warns of Critical Mineral Supply Dependence and Risks
The world is relying more and more on a few countries, especially China, for important minerals needed for clean energy.
This could cause problems because it makes the supply chain vulnerable to disruptions like trade issues.
The IEA is worried about this and the potential for higher prices.
Countries like the US are trying to secure their own mineral supplies and reduce dependence on others.
Copper production might not be able to meet future demand.
Critical mineral supply is increasingly concentrated in a few countries.
The market share of the top three producers rose to 86% in 2024.
China refines 19 out of 20 key minerals and holds about 75% of the global refining share.
IEA expresses concern over potential supply chain disruptions.
A 30% shortfall in copper production by 2030 is anticipated.
- Who
- International Energy Agency (IEA)
- What
- Report on the concentration of critical mineral supply chains.
- When
- Report released Wednesday
- Where
- Globally, with a focus on China, US, and Ukraine.
- Why
- To highlight economic vulnerabilities and potential supply disruptions in the clean energy transition.
IEA: Diversifying and Securing Supply Chains
US Strategy: Securing Domestic Mineral Supplies
Strategies for securing critical minerals
IEA: Diversifying and Securing Supply Chains
Diversifying supply chains, promoting sustainable practices, and establishing trade partnerships is key.
US Strategy: Securing Domestic Mineral Supplies
Focus on domestic mining and securing deals to ensure US access.
- Top 3 Producing Nations Market Share (2024)
- 86%
- Top 3 Producing Nations Market Share (2020)
- 82%
- China's Global Refining Share
- 75%
- Minerals Refined by China
- 19 of 20
- Potential Copper Shortfall by 2030
- 30%
