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May 17, 2024

Critical mineral mining investment must reach $800bn by 2040 to hold warming at 1.5C, says IEA

Prices for lithium fell by 75% in 2023, whereas demand for the critical mineral increased by 30% © Carla Gottgens/Bloomberg
Prices for lithium fell by 75% in 2023, whereas demand for the critical mineral increased by 30% © Carla Gottgens/Bloomberg

Reuse and recycling will be vital for battery minerals

Investment in critical mineral mining must reach $800bn between now and 2040 to meet energy transition demand if the global temperature rise is to be held at 1.5C, a report by the International Energy Agency says.

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