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Contributor
Petr Havlik
Leader of the Integrated Biosphere Futures Research Group at the International Institute for Applied Systems Analysis.
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Technology report
May 2025
Global Critical Minerals Outlook 2025 Executive summary
Demand for key energy minerals continued to grow strongly in 2024. Lithium demand rose by nearly 30%, significantly exceeding the 10% annual growth rate seen in the 2010s. Demand for nickel, cobalt, graphite and rare earths increased by 6‑8% in 2024. This growth was largely driven by energy applications such as electric vehicles, battery storage, renewables and grid networks. In the case of copper, the rapid expansion of grid investments in China has been the single largest contributor to demand growth over the past two years. For battery metals such as lithium, nickel, cobalt and graphite, the energy sector accounted…
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- Executive summary
- Hydrogen
- Road transport
- Steel
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+ 3 pages
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Contributor
Connie Hedegaard
Former Commissioner for Climate Action. Connie Hedegaard was a European Commissioner between 2010 and 2014. During her career, she has also served as Denmark’s Minister for Environment and Minister for Climate and Energy. She currently chairs of a number of important institutions, including the KR Foundation and Aarhus University.
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Contributor
Sue-Ern Tan
Head of the IEA Regional Cooperation Centre. Sue-Ern Tan is the Head of the IEA Regional Cooperation Centre established in Singapore at the end of 2024. The Office is the first outside of the IEA’s Paris headquarters in its 50-year history and will provide policy guidance, technical assistance, training and capacity building across areas such as scaling-up the deployment of renewables and other clean energy technologies, increasing cross-border power trade, and improving access to finance for clean energy investment.Prior to joining the IEA, Ms Tan worked at Shell plc in senior climate and energy roles at Shell’s headquarters in London and The Hague and most recently in Singapore as the Head of Policy and Advocacy. Ms Tan practiced as a lawyer, worked as Ministerial adviser on energy in the Australian Government and was the Deputy CEO of a minerals trade association in Australia. She graduated from University of New South Wales in Australia with a Commerce and Law Degree and is an Eise...
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Technology report
May 2025
Global Critical Minerals Outlook 2025 Overview of outlook for key minerals
Demand for critical minerals continues to rise across all scenarios, driven by the rapid deployment of energy technologies Demand for key energy minerals is set to grow rapidly across all scenarios, with the largest source of growth coming from the energy sector. In the Stated Policies Scenario (STEPS), lithium grows fivefold from today to 2040, while graphite and nickel demand double. Demand for cobalt and rare earth elements also grows strongly, increasing 50-60% by 2040. Copper is the material with the largest established market, and its demand is projected to grow by 30% over the same period. Battery deployment…
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Policy report
Jun 2026
Energy Efficiency Policy Toolkit Small and Medium Enterprises
Small and Medium Enterprises