Aluminum   $ 2.1505 kg        |         Cobalt   $ 33.420 kg        |         Copper   $ 8.2940 kg        |         Gallium   $ 222.80 kg        |         Gold   $ 61736.51 kg        |         Indium   $ 284.50 kg        |         Iridium   $ 144678.36 kg        |         Iron Ore   $ 0.1083 kg        |         Lead   $ 2.1718 kg        |         Lithium   $ 29.821 kg        |         Molybdenum   $ 58.750 kg        |         Neodymium   $ 82.608 kg        |         Nickel   $ 20.616 kg        |         Palladium   $ 40303.53 kg        |         Platinum   $ 30972.89 kg        |         Rhodium   $ 131818.06 kg        |         Ruthenium   $ 14950.10 kg        |         Silver   $ 778.87 kg        |         Steel Rebar   $ 0.5063 kg        |         Tellurium   $ 73.354 kg        |         Tin   $ 25.497 kg        |         Uranium   $ 128.42 kg        |         Zinc   $ 2.3825 kg        |         
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UN Secretary-General António Guterres has announced the formation of a Panel on Critical Energy Transition Minerals, recognizing the escalating demand for minerals vital to renewable energy technologies. Co-chaired by Ambassador Nozipho Joyce Mxakato-Diseko of South Africa and Director-General for Energy Ditte Juul Jørgensen of the European Commission, the panel aims to establish global principles to ensure environmental and social standards, equity, transparency, sustainability, and human rights in the minerals value chain.

Speaking at the panel’s launch, Secretary-General Guterres emphasized the importance of managing critical minerals responsibly in the transition to renewable energy, particularly for developing countries. He stressed the need to ensure that the renewables revolution advances with justice, benefiting all stakeholders, especially marginalized communities.

Ambassador Mxakato-Diseko commended the Secretary-General’s initiative, highlighting the panel’s alignment with sustainable development goals and climate agreements. She emphasized the objective of building trust and certainty to unlock the potential of critical minerals for shared prosperity while leaving no one behind.

Director-General Jørgensen underscored the urgent need for a fair and transparent approach in the global minerals value chain to meet ambitious renewable energy goals. She expressed her commitment to developing principles that uphold sustainability and human development standards, both globally and locally.

Critical energy transition minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential for achieving the targets set at COP28 and limiting global warming to 1.5°C. Without a significant increase in the supply of these minerals, the transition to renewable energy will face significant hurdles.

While developing countries with abundant mineral reserves have the potential to drive green economic growth, proper management is crucial to avoid perpetuating commodity dependence and exacerbating environmental and social challenges. The panel aims to address these issues by providing globally agreed guidance for responsible and fair value chains.