Industry Newscritical mineralssupply chainenergy transitiongeopolitics
UN Warns Critical Mineral Demand To Surge
7.3
United Nations political chief Rosemary DiCarlo told the U.N. Security Council Thursday that demand for critical minerals powering smartphones to missiles could triple by 2030 and quadruple by 2040, citing UN reports. She said 2023 trade in raw and semi-processed minerals reached about $2.5 trillion, more than 10% of global trade; officials urged supply diversification and cooperative 'green mining' efforts.
Key Points
- 1Reports cite UN projection: demand for critical minerals could triple by 2030, quadruple by 2040.
- 2Highlights strategic importance as 2023 trade reached about $2.5 trillion, over 10% global trade.
- 3Drives geopolitical moves: US, China, and partners seek supply diversification and 'green mining' initiatives.
Scoring Rationale
Authoritative UN projections and wide industry implications, but largely descriptive without actionable supply-chain solutions or timelines.
Sources
Public references used for this report.
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