The Multilateral Development Banks (MDBs) have issued a statement recognising the importance of working together to help build diversified, resilient and responsible critical minerals to manufacturing value chains, in order to scale up support for clean, affordable and reliable energy access, as well as the digital and economic transformation of their client countries.
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New approaches needed to address supply chain risks for rare earth elements
Rare earth elements are moving rapidly to the forefront of global policy making for energy, transport, advanced manufacturing and digital technologies as demand continues to expand while supply chains remain highly concentrated, according to a new International Energy |Agency (IEA) report developed to inform G7 discussions this year.
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IEA publishes Global Critical Minerals Outlook 2025
The International Energy Agency (IEA) has published its Critical Minerals Outlook 2025. It points out that critical minerals, which are essential for a range of energy technologies and for the broader economy, have become a major focus in global policy and trade discussions. Price volatility, supply chain bottlenecks and geopolitical concerns make the regular monitoring of their supply and demand vital.