Powering Tomorrow: The Growing Demand for Critical Minerals

By Tristan Gaudiaut – Statista

As the world accelerates its transition to clean energy and digital technologies, demand for critical minerals is set to explode. By 2030, the International Energy Agency (IEA) projects that global demand for minerals like lithium, cobalt, rare earths and graphite could double or even triple (depending on different scenarios), driven by the rise of electric vehicles, renewable energy infrastructure and advanced electronics (AI). These minerals represent the backbone of modern industries – and geopolitical competition – while China currently controls the large majority of their supply chain.