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Share of global supply of magnet rare earths and magnet manufacturing, 2024
rare earth elements Critical Minerals
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2026 IEA Ministerial Declaration Supporting the IEA’s Work on Critical Minerals Security
297th Meeting of the IEA Governing Board at Ministerial Level The International Energy Agency (IEA) Governing Board, at Ministerial Level, has adopted the following Ministerial Declaration:1. We, the IEA Ministers, recognise the strategic importance of critical minerals. We commend the significant progress made by the IEA under the voluntary Critical Minerals Security Programme, such as the Critical Minerals Information Dashboard, particularly as access to these minerals is being used as a means of exerting leverage and control over global supply chains. We call for continued work on these efforts, and direct the IEA Secretariat as a key international platform…
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Tracking Energy Crisis Policy Responses
Background information The conflict in the Middle East has dealt a major shock to global energy markets. The near closure of the Strait of Hormuz has triggered the largest supply disruption in the history of oil markets, alongside significant impacts on supplies of natural gas and other energy-related commodities. As concerns over supply security have grown, prices have risen across several parts of the energy system, increasing pressure on household budgets, public finances, and economic activity more broadly.Many actions are being taken to bolster oil supply, including the largest-ever release of emergency oil stocks coordinated by the…
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2026 IEA Ministerial Chair's Summary
The 2026 IEA Ministerial and the 297th session of the IEA Governing Board were chaired by H.E. Sophie Hermans, Deputy Prime Minister & Minister of Climate Policy and Green Growth of the Netherlands, on 18-19 February 2026 in Paris.ContextTwo years after the successful fiftieth anniversary meeting of the IEA in 2024, this meeting convened Energy Ministers from IEA Member countries, together with invited IEA Accession and Association countries, key partner countries, leaders from the IEA Energy Business Council (EBC), and representatives of international organisations and multilateral development and finance institutions.Ministers acknowledged the role of the IEA as…
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Middle East crisis disrupts international natural gas markets and delays global LNG supply wave
Gas Market Report Q2 2026 IEA’s latest quarterly report shows how the ongoing supply shock and infrastructure damage are increasing price volatility and pushing back easing of global gas balances The global natural gas market outlook has been significantly altered by the conflict in the Middle East, according to the International Energy Agency’s latest quarterly gas market report, with a major supply shock disrupting market fundamentals and pushing back an expected wave of new LNG supply.The disruption to shipping through the Strait of Hormuz since the start of March has created unprecedented uncertainty, removing close to 20…
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Annual change in coal demand by region, 2023-2025
Annual change in coal demand by region, 2023-2025 GER 2026