The U.S.'s Critical Mineral Supply Challenge

A metals industry executive explores the race to develop alternative supplies of critical minerals essential to the energy transition.--- For over a century the global energy system has been dominated by fossil fuels, and governments and industry have gone to great lengths to secure reliable supplies of oil, natural gas, and coal. All along, scarcity and competition over fossil resources has been fuel for geopolitical conflict, and a root cause of energy insecurity when access to resources appears threatened or limited. Yet as the world shifts today toward clean energy technologies certain minerals like cobalt and lithium increasingly replace fossil fuels as the basis of our energy system. Accordingly, where governments once sought to gain secure supply of fossil fuels, energy security in the future will depend on access to dozens of critical minerals needed for an increasingly electrified and carbon-free energy system. Brian Menell, chief executive of critical minerals supply chain company TechMet, explores the challenges that come with dependence on resources that are by and large produced outside of the United States and, in notable cases, by countries with which the U.S. has strained diplomatic ties. Menell, whose company has received significant funding from the U.S. government’s International Development Finance Corporation, also discusses the challenges involved in developing new sources of supply, and the prospects for scaling the production of key minerals to support the pace of decarbonization. Brian Menell is Chairman and CEO of TechMet. Related Content Rare Earth Elements: A Resource Constraint of the Energy Transition https://kleinmanenergy.upenn.edu/research/publications/rare-earth-elements-a-resource-constraint-of-the-energy-transition/ Raw Materials Pose ESG Challenge for EV Industry https://kleinmanenergy.upenn.edu/podcast/raw-materials-pose-esg-challenge-for-ev-industry/    Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.