Relative to 2020, the global demand volume for rare earth elements for renewable energy and electricity networks is forecast to grow by approximately 7.3 times by 2040 under the Sustainable Development Scenario. During the same timeframe, molybdenum demand for the same applications is forecast to grow nearly threefold under the Sustainable Development Scenario.
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IEA. (May 6, 2021). Demand growth index of renewable energy and network-related minerals worldwide for clean energy technologies in 2040 relative to 2020, by scenario [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 28, 2026, from /statistics/1270256/demand-growth-index-of-renewable-and-network-related-minerals/
IEA. "Demand growth index of renewable energy and network-related minerals worldwide for clean energy technologies in 2040 relative to 2020, by scenario." Chart. May 6, 2021. ÌÇÐÄÆÆ½â°æ. Accessed July 28, 2026. /statistics/1270256/demand-growth-index-of-renewable-and-network-related-minerals/
IEA. (2021). Demand growth index of renewable energy and network-related minerals worldwide for clean energy technologies in 2040 relative to 2020, by scenario. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 28, 2026. /statistics/1270256/demand-growth-index-of-renewable-and-network-related-minerals/
IEA. "Demand Growth Index of Renewable Energy and Network-related Minerals Worldwide for Clean Energy Technologies in 2040 Relative to 2020, by Scenario." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 6 May 2021, /statistics/1270256/demand-growth-index-of-renewable-and-network-related-minerals/
IEA, Demand growth index of renewable energy and network-related minerals worldwide for clean energy technologies in 2040 relative to 2020, by scenario ÌÇÐÄÆÆ½â°æ, /statistics/1270256/demand-growth-index-of-renewable-and-network-related-minerals/ (last visited July 28, 2026)
Demand growth index of renewable energy and network-related minerals worldwide for clean energy technologies in 2040 relative to 2020, by scenario [Graph], IEA, May 6, 2021. [Online]. Available: /statistics/1270256/demand-growth-index-of-renewable-and-network-related-minerals/