World Energy Outlook: Action needed to reduce critical minerals concentration risks
"A single country is the dominant refiner for 19 out of 20 energy-related strategic minerals.”
In the 2025 World Energy Outlook, the International Energy Agency (IEA) argues that governments should take “strong action” to diversify sources of critical minerals in order to preserve energy security, as electricity demand is set to grow much faster than previously anticipated.
In the report released this week, the IEA states that electricity demand will grow much faster than overall energy use in all three scenarios – respectively based on current policies, stated policies and a net zero by 2050 outlook.
