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High mineral prices could slow down transition to clean energy, IEA warns

Demand for metals used in solar panels, wind turbines and batteries is outstripping supply

High mineral prices could delay the global transition to clean energy as the demand for metals in solar panels, wind turbines and batteries outstrips supply, the International Energy Agency has warned.

A lack of investment in new mines risks substantially increasing the cost of producing clean energy technologies and hampering the effort to meet the world’s climate goals, the IEA says in its new report The Role of Critical Minerals in Clean Energy Transitions.

Related: The race for rare earth minerals: can Australia fuel the electric vehicle revolution?

Related: Why zero-emission lithium batteries are essential to the future of electric cars

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