Make Kitco Your Homepage

The five best charts from IEA's critical metals and energy transition report

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Wednesday, the International Energy Agency published its critical minerals report looking at what materials are needed for energy transition.

The IEA looked at all the critical metals needed to build solar photovoltaic plants, wind farms and electric vehicles.

"A typical electric car requires six times the mineral inputs of a conventional car, and an onshore wind plant
requires nine times more mineral resources than a gas-fired power plant. Since 2010, the average amount of minerals needed for a new unit of power generation capacity has increased by 50% as the share of renewables has risen," writes the study's authors.

The IEA said industrial economies will need a lot of critical metals to keep the energy transition from stalling and urges governments to co-operate and foster supportive industrial policies.

Slides courtesy of IEA

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.