Buried Leverage: Balancing Critical Minerals’ Adverse Impact with Rising Demand
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Critical Minerals and Rare Earth Elements

Buried Leverage: Balancing Critical Minerals’ Adverse Impact with Rising Demand

/ Report

Critical minerals and rare earth elements (REEs) are indispensable to the energy transition as key components in renewable energy technologies, electric vehicles (EVs), and advanced electronic devices. While their decarbonization benefits are significant, the mining and processing of such minerals often cause environmental and social harm, presenting a paradox central to sustainable business practices. This report explores how technological innovation, international certification standards, and recycling can mitigate the detrimental impacts of critical minerals' reliance.

Critical minerals and rare earth elements (REEs) are indispensable to the energy transition as key components in renewable energy technologies, electric vehicles (EVs), and advanced electronic devices. While their decarbonization benefits are significant, the mining and processing of such minerals often cause environmental and social harm, presenting a paradox central to sustainable business practices. This report explores how technological innovation, international certification standards, and recycling can mitigate the detrimental impacts of critical minerals' reliance.

Authors

Alexander Heil, PhD

Alexander Heil, PhD Alexander Heil, PhD

Senior Economist
The Conference Board

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Erin McLaughlin

Erin McLaughlin Erin McLaughlin

Senior Economist, ESF Center
The Conference Board

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