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Analysis

Tomorrow's Barrels of Oil: Critical Minerals

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Minerals prized for their role in the energy transition are being likened to tomorrow's barrels of oil — and the stakes are only rising in reaction to geopolitical tensions. Supply security for materials like lithium, cobalt and rare earth elements (REEs) in particular have been garnering attention as global demand for electric vehicles (EVs) and renewable energy enter the fast lane, with many countries looking to accelerate their transitions in response to the Russia-Ukraine crisis and the sky-high oil, natural gas and coal prices. But wind turbines and solar panels — plus the batteries for powering EVs and storing intermittent renewable energy — all require these critical materials.

Topics:
Renewable Electricity , Low-Carbon Policy, Security Risk
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