Late September 2023, ministers, industry leaders, investors, international organisations and civil society convened at IEA (International Energy Agency) headquarters for first-of-its-kind summit to discuss the future of critical minerals.
Being the first international IEA Critical Minerals and Clean Energy Summit, the event applauded governments’ enthusiasm to deploy the clean energy transition, as well as their quick actions to ensure secure and sustainable supplies of critical minerals. With a concerning scenario portraying surging demand of minerals such as lithium, cobalt, nickel and copper, driven by the deployment of clean energy technologies, the first international summit identified six key actions to ensure secure, sustainable and reliable supplies of critical materials:
The majority of these strategic actions are already included in the core of the LiCORNE project. Launched in October 2022, LiCORNE is designed to establish the first European Lithium complete supply chain. Its main objective is to increase the processing and the refining capacity for battery-grade chemicals from resources available in Europe: ores, brines, tailings and off-specification battery cathode materials (waste).
With increased interest for this first international summit, the IEA will hold a Ministerial Meeting next year, in February, which will provide countries with a platform to evaluate the significance of critical minerals in the global energy security and climate action. Based on shared experiences and information, the event will emphasise transparent and resilient supply chain strategies, and unveil the next phase of the IEA Voluntary Critical Mineral Security Programme.
Photo © IEA