Shannon Brandao
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From the article: "Visual Capitalist [excerpt]: Governments formulate lists of #criticalminerals according to their industrial requirements and strategic evaluations of supply risks.
Over the last decade, #minerals like #nickel, #copper, and #lithium have been on these lists and deemed essential for clean technologies like #EV #batteries and #solar and #wind power.
This graphic uses IRENA and the U.S. Department of Energy data to identify which minerals are essential to #China, the #UnitedStates, and the #EuropeanUnion.
What are Critical Minerals?
There is no universally accepted definition of critical minerals. Countries and regions maintain lists that mirror current #technology requirements and supply and demand dynamics, among other factors.
These lists are also constantly changing. For example, the EU’s first critical minerals list in 2011 featured only 14 raw materials. In contrast, the 2023 version identified 34 raw materials as critical.
One thing countries share, however, is the concern that a lack of minerals could slow down the energy transition."
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