New Delhi, May 21 -- Increases in supply of critical minerals in 2024 led to a decrease in prices despite rapid growth in demand, according to a new report released on May 21, 2025.

Major supply increases, led by China, Indonesia and the Democratic Republic of the Congo (DRC), led to low prices, especially for battery metals, the Global Critical Minerals Outlook 2025 stated.

"The swift increase in battery metal production highlighted the sector's ability to scale up new supply more quickly than for traditional metals like copper and zinc," the document noted.

Interestingly, the growth in supply for battery metals since 2020 has been twice the rate seen in the late 2010s. Consequently, prices for key energy minerals have continued to d...