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Estimating the price elasticity of critical mineral supply

Post No. 419. Granular mine data show that the supply of minerals critical to the energy transition reacts rapidly to price movements caused by demand shocks. The reaction depends on the characteristics of mines and of global mineral markets. It is weaker in Africa due to the higher prevalence of conflicts near mines, which makes it harder for supply to adjust.

20th of November 2025

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Estimating the price elasticity of critical mineral supply

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