As the energy system transforms and clean energy technologies are deployed at increasing levels, there will be an increased demand for the critical minerals needed to manufacture those technologies. As the industry responds to these shifts in demand, it is likely that there will be near-term supply and demand fluctuations in the market for some of the minerals that will see the largest increases in demand. This could result in short-term price spikes and possible project delays as production is ramped up to meet demand. Long-term shortage in material availability or resource scarcity is unlikely.
Authors Robin Bedilion et al.