Policy on Critical Minerals, US Emissions Projections & More

TL/DR –

The Energy Act of 2020 defines critical materials as non-fuel minerals, elements, substances, or materials important for clean energy technologies and have risky supply chains. The U.S. Department of Energy considers lithium and nickel as the most critical materials for energy technologies from 2025 to 2035. Dysprosium, iridium, neodymium, praseodymium, and terbium have the most supply risk, with a total of 13 materials deemed critical.

Understanding Critical Materials and their Role in Clean Energy Technologies

Identified by the US Department of Energy, critical materials refer to non-fuel minerals, elements, or materials essential to clean energy technologies that pose supply chain risks, as stipulated in the Energy Act of 2020. These materials, with lithium and nickel at the forefront, are pivotal for energy technologies from 2025 to 2035.

The availability of other materials such as dysprosium, iridium, neodymium, praseodymium, and terbium could potentially be at risk during this period. In total, the US Department of Energy has deemed 13 materials as critical, emphasizing their importance in shaping the future of energy technologies.

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