• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

IEA to launch security program for minerals critical to energy sector

2 years ago
in Economy, Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
82
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Fuel Prices Set to Rise Marginally at the Pumps From Today

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

IEA to launch security program for minerals critical to energy sector

The International Energy Agency is launching a program to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday.

Fatih Birol said the production of electric cars, solar panels and other energy equipment requires a steady supply of minerals such as lithium, cobalt and copper.

The IEA continues to keep an eye on oil and gas markets, Birol said, but the supply chain of energy technologies is an important emerging security challenge.

“It is the reason we are embarking on a critical minerals security program,” he said in a speech.

“Currently, we are A, not able to keep up with the demand, and B, the ability of manufacturing these critical minerals is concentrated in one single country or two,” he said.

He did not give further details, but said the program was “inspired by our oil security mechanism”, which requires member countries to hold 90 days’ worth of oil stocks that can be released in the event of global supply disruptions.

China is the main producer for 30 out of 50 critical materials, according to a US Aerospace Industries Association paper last year, and is the world’s top miner and processor of rare earths.

The country last year imposed curbs on exports of gallium and germanium and types of graphite in an effort to protect its dominance in strategic metals.

The IEA’s move comes as countries escalate efforts to cut emissions, requiring ready supplies of critical minerals such as lithium, copper, nickel, cobalt, manganese and graphite used in batteries, and rare earth elements used in wind turbines and electric vehicles.

That new demand has stirred concerns about price volatility and security of supply, and the IEA has warned that even in an electrified, renewables-rich energy system, geopolitics remains a key consideration.

Last July, the agency published its inaugural Critical Minerals Market Review and hosted in September the first-ever international summit on critical minerals and their role in clean energy transitions.

Tags: energy sectorIEAIEA to launch security program for minerals critical to energy sector
No Result
View All Result

Highlights

Global Crude Exports Set to Hit All-Time High in October

BoG Raises GHS 7.74bn From 56-Day Bills at 21.4% Yield

10 Most Indebted Countries as Global Debt Soars to $150 Trillion

WAFU B U17 BOYS: Black Starlets Ease Past Nigeria to Book U17 AFCON Ticket

UEFA Champions League: Galatasaray Shocks Liverpool, Mbappé bags Hat-trick as Real Madrid Run Riot

Finance Minister Strikes Upbeat Tone About Economy as IMF Begins Fifth Programme Review

Trending

Business

Fuel Prices Set to Rise Marginally at the Pumps From Today

October 1, 2025

Fuel Prices Set to Rise Marginally at the Pumps From Today The price of petroleum products is...

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

October 1, 2025

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

October 1, 2025

Global Crude Exports Set to Hit All-Time High in October

October 1, 2025
Bank of Ghana

BoG Raises GHS 7.74bn From 56-Day Bills at 21.4% Yield

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.