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