From Minerals to Megawatts 2025

Kiva Allgood Managing Director, World Economic Forum Jeremy Weir Chairman, Trafigura GroupIgor Hulak Partner and Global Head of Mining and Metals, KearneyJonathan Price President and Chief Executive Officer, Teck Resources From Minerals to Megawatts: Building Resilience for EVs, Data Centres and Power GridsDecember 2025 Foreword The race to electrify, digitalize and decarbonize the global economy relies on resilient, transparent and sustainable minerals and metals supply chains – building the foundation on which both today’s global economy and the ongoing energy and digital transition rest. Yet these complex supply chains face increasing strain: they span continents, operate on long permitting timelines and remain highly concentrated in a small number of regions. Meanwhile, global demand centres are shifting rapidly – from the accelerating pace of industrial activity to the unprecedented build-out of electricity systems, data centres and clean-energy infrastructure. Together, these pressures create systemic vulnerabilities that can disrupt everything from infrastructure delivery to industrial competitiveness. To confront these challenges, the World Economic Forum, in collaboration with Kearney and with support from the Forum’s Mining and Metals Industry Community, has developed this focused work stream under the Future-Proofing Global Value Chains initiative to build awareness and outline practical collective actions for strengthening resilience in the minerals and metals supply chains across electric vehicles (EVs), data centres and grid infrastructure. Governments, companies and investors each have a role to play in streamlining permitting, scaling secondary and circular supply, strengthening platforms for ongoing dialogue and creating shared accountability. Meaningful progress will also depend on deeper coordination with the global public-sector leaders who shape policy, infrastructure planning and long-term investment signals. Achieving this calls for structured collaboration across sectors, industries and regions at a scale not seen before. Although collaboration across regions and sectors has long existed, its nature is evolving. Today, regional alliances, cross-value chain partnerships and public-private platforms are moving beyond dialogue and compliance towards more integrated, data-driven ways of working that can drive progress at multiple levels. When connected through common standards, shared data and mutual recognition, these local and regional efforts can reinforce one another and strengthen the resilience of the overall system. Driving this type of coordinated action requires creating the conditions for actors to align on shared priorities and timelines, each within their scope. Initiatives that convene diverse stakeholders, foster knowledge exchange and align incentives can transform fragmented efforts into tangible progress. These actions will be essential as we elevate this resilience agenda across value chains. If we act together, we can future-proof global value chains and ensure that the materials essential to the energy transition and other systemic global transformations are delivered reliably, responsibly and at the scale the world demands. From Minerals to Megawatts: Building Resilience for EVs, Data Centres and Power Grids 3