Critical minerals
Why are they vital for the green economy?Critical minerals are integral to our economy and the energy transition.
Critical minerals are used in everyday life for a wide variety of purposes. This includes technology in our homes such as mobile phones, laptops and LED bulbs, to green energy infrastructure such as solar panels, wind turbines and electric vehicle batteries.
They are indispensable to a low-carbon economy and as a result, demand for them is estimated to increase four-fold by 2040.
We do not, however, have the current capacity to meet this demand and must scale up production, explore alternative supply chains and look at ways they can stay in life for longer.
So, what are critical minerals and what is their role in our net zero journey?
Five things you need to know about critical minerals
There are 18 critical minerals.
All of them play an important role in how society functions today, and in the future.
With net zero targets set, demand for critical minerals will grow.
The catch? They are susceptible to supply chain disruptions …
… but government strategy is moving in the right direction.
Keep learning
For more insight on critical minerals, explore our critical mineral article series:
Contacts
Stacey Toder Feldman
Partner
Roman Webber
UK Mining & Metals Leader
Benjamin Reeves
Energy, Resources & Industrials Insights