Demand for the critical minerals needed for batteries, solar panels, and other forms of clean energy will grow rapidly under the International Energy Agency’s “net zero by 2050” scenario. And this gives mineral rich countries like Chile an outsized role in the energy transition.

Chile currently holds more than a third of the world’s lithium reserves, and the country is already the world’s second largest producer of lithium, with an approximately 25% share of world production. Chile also is the world’s largest producer of copper, which will also be needed for a much more electrified economy. 

/Center on Global Energy Policy, Columbia University/