S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA
Green Car Congress
AUGUST 16, 2023
The US Inflation Reduction Act (IRA) is accelerating demand for critical minerals (lithium, cobalt and nickel) and copper that are vital to energy transition technologies. However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global. The new study finds that US energy transition demand will continue to accelerate and be materially higher for lithium (+15%), cobalt (+14%) and nickel (+13%) by 2035 than was projected befo
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