IEA report shows how recycling can bolster critical minerals

Tuesday 19 Nov 2024
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A new report from the International Energy Agency has outlined how ramping up recycling of critical minerals can boost the energy transition and ease mining demand.

The report, Recycling of Critical Minerals: strategies to scale up recycling and urban mining, claims that growth in new copper mining could be cut by 40 per cent by 2050, while new lithium and cobalt mining could be reduced by 25 per cent. The IEA said that $600bn of mining investment is needed by 2040 to meet the demands of the energy transition. However, without expanded recycling, this figure would be 30 per cent higher.

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