The world’s top producers of critical minerals have tightened their stranglehold on the market despite western countries’ efforts to cut their dependency on China for metals key to the energy transition.
The countries that are the top producers of metals such as copper, lithium, nickel and cobalt have increased their control in recent years, the International Energy Agency said in a report on Wednesday.
The report highlights how far western countries still need to go to develop and diversify the supply of critical minerals, needed for electric vehicle batteries and in the defence and the technology sectors.
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