Mineral demand from energy sector could increase sixfold by 2040, IEA says

By William Clarke
Published: Monday, 10 May 2021

The global mineral industry will have to rapidly scale up production to meet surging demand from the new energy sector, the International Energy Agency (IEA) has warned.

To reach the target of net-zero emissions by 2050, the energy sector will be consuming minerals at six times the current rate by 2040, the IEA forecast in a special report on Wednesday May 5.

"Today, the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of...

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