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Rare Earth Elements Executive summary
…individual rare earth elements distinct value for various technological applications.Permanent magnets represent the fastest-growing and most strategically important applications, accounting for around 95% of total rare earth consumption by value. High-performance neodymium-iron-boron (NdFeB magnets) – primarily composed of neodymium and praseodymium, often with dysprosium and terbium as performance-enhancing additives – are among the strongest permanent magnets in the industry. These magnets underpin a wide range of critical technologies, including electric vehicles (EVs), wind turbines, industrial motors and AI data centres, as well as medical, aerospace and defence applications.Demand for magnet rare earth elements (neodymium, praseodymium…
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Southeast Asia Energy Outlook 2026 Energy outlook to 2050 based on today’s policy settings
…one of the world’s fastest growing regions for aluminium iron and steel production, with output rising by 70%. This reinforces demand for electricity, coal and natural gas, while the young age of industrial assets limits near-term opportunities for fuel switching. In transport, electric vehicles and biofuels curb oil demand growth, avoiding around 1 mb/d of oil demand by 2035 together, reducing exposure to import price volatility and saving roughly USD 25 billion in oil imports, but road freight, aviation and petrochemical feedstocks keep oil use rising. Buildings are a major source of electricity demand growth, led by cooling…
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Southeast Asia Energy Outlook 2026 Energy outlook to 2050 based on targets and pledges
…by 40% to 13 EJ by 2050, while electricity demand more than doubles as non-energy-intensive industries expand and electrify. In energy-intensive industries, electrification exceeds 20% by 2050, helping reduce coal demand by around 30%. In transport, energy demand is only around 5% higher in 2050 than today despite much larger vehicle fleets, as electric vehicles, rail and biofuels expand. EVs and biofuels displace around 3 mboe/d of oil demand by 2050, equivalent to Southeast Asia’s current crude oil imports. In buildings, electricity’s share rises from 55% today to 85% by 2050 as appliances, cooling…
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Global Energy Review 2025 Electricity
…centres. The industry sector made up nearly 40% of total growth in electricity demand in 2024. Electricity use in industry grew by nearly 4% in 2024, a step up from the pace in 2023, driven by increased activity in electro-intensive manufacturing and industrial growth more broadly. The continued uptake of electric vehicles raised electricity consumption in the transport sector by over 8% in 2024. Technology: Electric vehicles Electric car sales continued to rise globally in 2024, increasing by more than 25% to more than 17 million units, up from below 14 million units in 2023. This aligns with the...
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World Energy Investment 2025 Africa
…venture capital firms have provided 40% of the capital to energy access start-ups. However, the average size of deals in the off-grid solar sector remains quite small at USD 7 million and, due to concerns about profitability, both venture capital and private equity firms have begun directing attention away from pure-play residential energy access. Instead, there has been a move towards nascent areas such as electric vehicles (EVs), where spending reached almost USD 70 million in 2023, an eightfold increase since 2021, and commercial and industrial solar companies where offtake is considered less risky than residential consumers.
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Electricity Mid-Year Update 2025 Demand: Global electricity use to grow strongly in 2025 and 2026
…rise at a fast pace, as factory output of new energy vehicles and solar cells was up by 36% and 18% y-o-y, respectively, in H1 2025, while production of batteries rose by 51%. Electricity consumption in the residential sector increased by 4.9% in H1 2025, underpinned by greater penetration of appliances, which saw retail sales rise 31%, and a sharp increase in cooling degree days in June.The rapid rise in electric vehicle sales combined with the robust expansion of charging infrastructure continued to further support Chinese electricity demand growth in the first half of the year. China…
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Global Hydrogen Review 2025 Demand
…is expected to be consumed in refineries and industrial facilities by 2030. This could be complemented by additional supply provided by merchant projects.In road transport, heavy trucks remain the only fast-growing market for fuel cell electric vehicles, despite their higher total costs of ownership when compared to battery electric or diesel trucks. China remains the leader, with almost 95% of the world’s fuel cell commercial vehicles stock.In shipping, the fleet of ships able to use hydrogen-based fuels is growing and offtake agreement activity has increased, but concerns about supply availability are slightly slowing down momentum…
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Brazil 2025 Policy recommendations for Brazil
…support the implementation of energy efficiency measures and energy management systems. 9. Promote a more ambitious approach on minimum energy performance standards for energy-related products with a high impact on industrial energy consumption and relevance for the energy transition. 10. Seize the opportunities for domestic manufacturing and expand the role of flex-fuel hybrids and electric vehicles in the transport sector. 11. Create stronger demand for less carbon-intensive heavy-duty vehicles. 12. Encourage building owners to pursue voluntary energy audits on existing buildings, starting with larger buildings.13. Integrate energy efficiency and thermal comfort standards into social housing…
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Scaling Up Transition Finance Sectoral insights
…Near-zero emissions technologies are essential to achieve net zero pathways, these technologies are still in the preliminary stages of commercial deployment. In the near-term, transition finance can support interim steps towards reaching near-zero emissions solutions.Critical minerals: As these are the material backbone of energy supply chains, scaling mining and refining is crucial to meeting increasing demand driven by energy applications such as electric vehicles, battery storage, renewables and grid networks. At the same time, the extraction and processing of minerals may have adverse impacts that require safeguards addressing not only greenhouse gas (GHG) emissions but also…
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World Energy Outlook 2025 Setting the scene
…These uncertainties underscore the value of supply diversification and resilient supply chains, notably for critical minerals. Energy policies continue to evolve. The United States enhanced its backing for domestic fossil fuels and nuclear energy, while cutting support for wind, solar and electric vehicles. Many other countries also launched new policy initiatives in the last year, including a boost in policies designed to enhance energy security. Meanwhile, major gaps persist in the world’s provision of energy: 730 million people still lack access to electricity and nearly 2 billion are without access to clean cooking. These new starting conditions are reflected in…
