IEA Warns Governments To Stockpile Battery Metals

Source: https://www.zerohedge.com/commodities/climate-wars-iea-warns-governments-stockpile-battery-metals
Published: May 6, 2021
Author: Tyler Durden
Post Date: 2021-05-06 07:40:57 by Horse
Views: 38

"Today's supply and investment plans for many critical minerals fall well short of what is needed."

China's dominance in green energy technologies are rare earth metal production is very concerning to the International Energy Agency (IEA), who posted a stark warning Wednesday advising western governments to stockpile critical battery metals such as cobalt and lithium.

IEA's warning comes as the next chapter in US-China tensions will be climate wars as energy transition investment ramps up with peak oil around 2030. Many Western countries and China have estimated net-zero carbon emission economies somewhere around 2040-2060. The need for western economies to become less reliant on China for rare earth metals, such as lithium and cobalt, is a necessity for independence from the East.

China has arguably been faster in adopting green technologies than western countries. Climate wars are much more than climate action and saving the planet - it's about the superpower race between the US and China and who can deliver climate change solutions and clean-tech.

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