Critical Minerals Market Review 2023

The inaugural edition of the Critical Minerals Market Review provides a major update on the investment, market, technology and policy trends of the critical minerals sector in 2022 and an an initial reading of the emerging picture for 2023. Through in-depth analyses of clean energy and mineral market trends, this report assesses the progress made by countries and businesses in scaling up future supplies, diversifying sources of supply, and improving sustainable and responsible practices. It also examines major trends for individual minerals and discusses key policy implications. Our report considers a wide range of minerals used in clean energy technologies, as indicated in the Annex of the special report. For energy transition minerals, we focus on copper, major battery metals (lithium, nickel, cobalt and graphite) and rare earth elements. We also discuss trends for other important minerals and metals such as aluminium, manganese, platinum group metals and uranium as relevant. The report will be followed by a forthcoming analysis that will feature comprehensive demand and supply projections for key materials and a number of deep-dives on key issues. It also makes available an online tool, the Critical Minerals Data Explorer, which allow users to explore interactively the latest IEA projections.