# Critical Minerals and Components for Power Grids

Power grids depend on 60 critical minerals, from copper and aluminum to silicon, used in products such as crystalline silicon solar module and high-voltage power transformer. Stockatomics links 113 listed companies to power grids through the minerals they produce, process or recover and the components they make or buy.

Source: https://www.stockatomics.com/sectors/power-grids
Critical minerals: 60
Components: 13
Linked companies: 113

## Minerals and components for power grids

The minerals and components power grids depend on, tightest supply first, with each one’s supply verdict, price change over one month and one year, and top import origin.

| Name | Type | Supply | 1M change | 1Y change | Top origin |
| --- | --- | --- | --- | --- | --- |
| [Copper wire and high-voltage cable](https://www.stockatomics.com/components/copper-wire-and-cable) | Component | Tightening | +5.9% | +39.7% | South Korea |
| [Gas turbines over 5 MW](https://www.stockatomics.com/components/gas-turbines) | Component | Tightening | −56.6% | −6.2% | Hungary |
| [Solar modules](https://www.stockatomics.com/components/solar-modules) | Component | Tightening | +3.6% | +3.8% | Kenya |
| [Silver](https://www.stockatomics.com/commodities/silver-price-us) | Mineral | Tightening | +5.7% | +68.0% | Mexico |
| [Large power transformers over 10 MVA](https://www.stockatomics.com/components/large-power-transformers) | Component | Tightening | −0.6% | +27.4% | Mexico |
| [Uranium](https://www.stockatomics.com/commodities/uranium-price-us) | Mineral | Tightening | +15.3% | +38.1% | Canada |
| [Electricity meters](https://www.stockatomics.com/components/electricity-meters) | Component | Stable | −2.7% | −6.4% | Mexico |
| [Electrical insulators](https://www.stockatomics.com/components/insulators) | Component | Easing | +2.6% | −8.5% | Japan |
| [Iridium](https://www.stockatomics.com/commodities/iridium-price-us) | Mineral | Stable | +2.7% | +18.8% | South Africa |
| [Switchgear and control panels](https://www.stockatomics.com/components/switchgear) | Component | Tightening | −12.9% | +13.1% | Mexico |
| [Wind-powered generating sets](https://www.stockatomics.com/components/wind-turbines) | Component | Tightening | −22.5% | +690.2% | United Kingdom |
| [Copper](https://www.stockatomics.com/commodities/copper-price-us) | Mineral | Stable | +2.2% | +35.1% | Chile |
| [Transformers 650 kVA to 10 MVA](https://www.stockatomics.com/components/medium-transformers) | Component | Stable | −97.8% | −95.7% | Mexico |
| [Grain-oriented electrical steel](https://www.stockatomics.com/components/electrical-steel) | Component | Stable | +15.4% | +12.6% | Japan |
| [Distribution transformers up to 650 kVA](https://www.stockatomics.com/components/distribution-transformers) | Component | Stable | +2.5% | −21.1% | Mexico |
| [Steel towers and lattice masts](https://www.stockatomics.com/components/steel-towers) | Component | Stable | +15.5% | −3.4% | Germany |
| [Tellurium](https://www.stockatomics.com/commodities/tellurium-price-us) | Mineral | Easing | +40.9% | +49.4% | Canada |

All Grid components: https://www.stockatomics.com/sectors/power-grids/components

## The 60 critical minerals power grids depend on

| Mineral | Role in Power Grids | Price per kg (USD) | 1M change | Stocks |
| --- | --- | --- | --- | --- |
| [Aluminum](https://www.stockatomics.com/commodities/aluminum-price-us) | Overhead transmission lines and some cables and windings | $3.63 per kg contained | −7.7% | [Aluminum stocks](https://www.stockatomics.com/commodities/aluminum-stocks) |
| [Antimony](https://www.stockatomics.com/commodities/antimony-price-us) | Solar glass and lead-acid batteries | $22.87 per kg contained | −9.5% | - |
| [Arsenic](https://www.stockatomics.com/commodities/arsenic-price-us) |  | $1.23 per kg contained | +62.7% | - |
| [Barite](https://www.stockatomics.com/commodities/barite-price-us) |  | $0.15 per kg barite | +88.9% | - |
| [Beryllium](https://www.stockatomics.com/commodities/beryllium-price-us) |  | $1,600 per kg contained | - | - |
| [Bismuth](https://www.stockatomics.com/commodities/bismuth-price-us) |  | $65.60 per kg contained | +17.9% | - |
| [Boron](https://www.stockatomics.com/commodities/boron-price-us) | Neodymium-iron-boron magnets in wind turbines | $5.27 per kg contained | −6.5% | - |
| [Cerium](https://www.stockatomics.com/commodities/cerium-price-us) |  | $2.10 per kg contained | - | - |
| [Cesium](https://www.stockatomics.com/commodities/cesium-price-us) |  | $104,000 per kg contained | - | - |
| [Chromium](https://www.stockatomics.com/commodities/chromium-price-us) | Stainless steel components | $1.86 per kg contained | - | - |
| [Cobalt](https://www.stockatomics.com/commodities/cobalt-price-us) | Battery cathodes in some storage systems | $56.81 per kg contained | −3.9% | [Cobalt stocks](https://www.stockatomics.com/commodities/cobalt-stocks) |
| [Copper](https://www.stockatomics.com/commodities/copper-price-us) | Cables, transformer windings, substations and grounding | $13.92 per kg contained | +2.2% | [Copper stocks](https://www.stockatomics.com/commodities/copper-stocks) |
| [Dysprosium](https://www.stockatomics.com/commodities/dysprosium-price-us) | Heat resistance in wind turbine magnets | $274.30 per kg contained | - | - |
| [Erbium](https://www.stockatomics.com/commodities/erbium-price-us) |  | $52.60 per kg contained | - | - |
| [Europium](https://www.stockatomics.com/commodities/europium-price-us) |  | $31.26 per kg contained | - | - |
| [Fluorspar](https://www.stockatomics.com/commodities/fluorspar-price-us) | Insulating gases in switchgear and fluoropolymer cable insulation | $0.54 per kg fluorspar | +9.3% | - |
| [Gadolinium](https://www.stockatomics.com/commodities/gadolinium-price-us) |  | $34.58 per kg contained | - | - |
| [Gallium](https://www.stockatomics.com/commodities/gallium-price-us) | Thin-film solar panels and efficient power electronics | $1,530 per kg contained | −11.0% | - |
| [Germanium](https://www.stockatomics.com/commodities/germanium-price-us) |  | $4,861 per kg contained | −14.2% | - |
| [Graphite](https://www.stockatomics.com/commodities/graphite-price-us) | Anodes in grid-scale batteries | $1.17 per kg graphite | −40.4% | - |
| [Hafnium](https://www.stockatomics.com/commodities/hafnium-price-us) | Control rods in nuclear reactors | $5,039 per kg contained | +55.3% | - |
| [Holmium](https://www.stockatomics.com/commodities/holmium-price-us) |  | $80.18 per kg contained | - | - |
| [Indium](https://www.stockatomics.com/commodities/indium-price-us) | Copper indium gallium selenide solar panels | $732.37 per kg contained | +5.7% | - |
| [Iridium](https://www.stockatomics.com/commodities/iridium-price-us) | Anode catalysts in hydrogen electrolysers | $158,394 per kg contained | +2.7% | - |
| [Lanthanum](https://www.stockatomics.com/commodities/lanthanum-price-us) |  | $1.17 per kg contained | - | - |
| [Lead](https://www.stockatomics.com/commodities/lead-price-us) | Cable sheathing and backup batteries | $1.93 per kg contained | −7.7% | [Lead stocks](https://www.stockatomics.com/commodities/lead-stocks) |
| [Lithium](https://www.stockatomics.com/commodities/lithium-price-us) | Grid-scale battery storage | $89.62 per kg contained | +24.4% | [Lithium stocks](https://www.stockatomics.com/commodities/lithium-stocks) |
| [Lutetium](https://www.stockatomics.com/commodities/lutetium-price-us) |  | $1,010 per kg contained | - | - |
| [Magnesium](https://www.stockatomics.com/commodities/magnesium-price-us) |  | $3.99 per kg contained | −2.0% | - |
| [Manganese](https://www.stockatomics.com/commodities/manganese-price-us) | Steel structures and battery cathodes | $0.58 per kg contained | - | [Manganese stocks](https://www.stockatomics.com/commodities/manganese-stocks) |
| [Metallurgical coal](https://www.stockatomics.com/commodities/metallurgical-coal-price-us) |  | $0.15 per kg coal | +1.2% | [Metallurgical coal stocks](https://www.stockatomics.com/commodities/metallurgical-coal-stocks) |
| [Neodymium](https://www.stockatomics.com/commodities/neodymium-price-us) | Permanent magnets in direct-drive wind turbines | $85.14 per kg contained | - | - |
| [Nickel](https://www.stockatomics.com/commodities/nickel-price-us) | Battery cathodes and alkaline electrolysers | $17.24 per kg contained | −5.8% | [Nickel stocks](https://www.stockatomics.com/commodities/nickel-stocks) |
| [Niobium](https://www.stockatomics.com/commodities/niobium-price-us) |  | $42.82 per kg contained | −0.6% | - |
| [Palladium](https://www.stockatomics.com/commodities/palladium-price-us) |  | $41,504 per kg contained | −5.2% | - |
| [Phosphate](https://www.stockatomics.com/commodities/phosphate-price-us) | Lithium iron phosphate cathodes in grid storage | $0.091 per kg phosphate rock | +5.5% | [Phosphate stocks](https://www.stockatomics.com/commodities/phosphate-stocks) |
| [Platinum](https://www.stockatomics.com/commodities/platinum-price-us) | Catalysts in hydrogen electrolysers and fuel cells | $53,892 per kg contained | −1.6% | - |
| [Potash](https://www.stockatomics.com/commodities/potash-price-us) |  | $0.49 per kg K2O | −0.5% | [Potash stocks](https://www.stockatomics.com/commodities/potash-stocks) |
| [Praseodymium](https://www.stockatomics.com/commodities/praseodymium-price-us) | Permanent magnets in wind turbines, alongside neodymium | $89.40 per kg contained | - | - |
| [Rhenium](https://www.stockatomics.com/commodities/rhenium-price-us) |  | $5,002 per kg contained | +63.3% | - |
| [Rhodium](https://www.stockatomics.com/commodities/rhodium-price-us) |  | $258,682 per kg contained | −3.2% | - |
| [Rubidium](https://www.stockatomics.com/commodities/rubidium-price-us) |  | $24,530 per kg contained | - | - |
| [Ruthenium](https://www.stockatomics.com/commodities/ruthenium-price-us) |  | $44,386 per kg contained | −5.4% | - |
| [Samarium](https://www.stockatomics.com/commodities/samarium-price-us) |  | $3.27 per kg contained | - | - |
| [Scandium](https://www.stockatomics.com/commodities/scandium-price-us) |  | $5,200 per kg contained | - | - |
| [Silicon](https://www.stockatomics.com/commodities/silicon-price-us) | Grain-oriented electrical steel in transformer cores, and solar panels | $2.85 per kg contained | −5.5% | - |
| [Silver](https://www.stockatomics.com/commodities/silver-price-us) | Conductive paste in solar cells | $2,040 per kg contained | +5.7% | [Silver stocks](https://www.stockatomics.com/commodities/silver-stocks) |
| [Tantalum](https://www.stockatomics.com/commodities/tantalum-price-us) |  | $628.07 per kg contained | −6.4% | - |
| [Tellurium](https://www.stockatomics.com/commodities/tellurium-price-us) | Cadmium telluride thin-film solar panels | $163.72 per kg contained | +40.9% | - |
| [Terbium](https://www.stockatomics.com/commodities/terbium-price-us) | Heat resistance in wind turbine magnets | $1,188 per kg contained | - | - |
| [Thulium](https://www.stockatomics.com/commodities/thulium-price-us) |  | $1,840 per kg contained | - | - |
| [Tin](https://www.stockatomics.com/commodities/tin-price-us) | Solder in inverters and power electronics | $52.30 per kg contained | −0.2% | - |
| [Titanium](https://www.stockatomics.com/commodities/titanium-price-us) | Heat exchangers in power plants | $0.83 per kg contained | - | [Titanium stocks](https://www.stockatomics.com/commodities/titanium-stocks) |
| [Tungsten](https://www.stockatomics.com/commodities/tungsten-price-us) | Contacts in high-voltage switchgear | $127.28 per kg contained | −7.9% | - |
| [Uranium](https://www.stockatomics.com/commodities/uranium-price-us) | Fuel for nuclear power plants | $187.41 per kg contained | +15.3% | [Uranium stocks](https://www.stockatomics.com/commodities/uranium-stocks) |
| [Vanadium](https://www.stockatomics.com/commodities/vanadium-price-us) | Vanadium redox flow batteries for long-duration storage | $23.90 per kg contained | −9.7% | - |
| [Ytterbium](https://www.stockatomics.com/commodities/ytterbium-price-us) |  | $17.08 per kg contained | - | - |
| [Yttrium](https://www.stockatomics.com/commodities/yttrium-price-us) |  | $11.43 per kg contained | - | - |
| [Zinc](https://www.stockatomics.com/commodities/zinc-price-us) | Galvanising transmission towers and poles | $3.79 per kg contained | −0.2% | [Zinc stocks](https://www.stockatomics.com/commodities/zinc-stocks) |
| [Zirconium](https://www.stockatomics.com/commodities/zirconium-price-us) | Fuel cladding in nuclear reactors | $2.39 per kg contained | −53.3% | - |

## Products in power grids

- Crystalline silicon solar module
- High-voltage power transformer
- HVDC subsea cable
- Nuclear reactor fuel and core
- Overhead transmission line
- PEM electrolyser
- Solar inverter
- Wind turbine

## Power grids and critical minerals

Power grids are the largest machines ever built, and the energy transition asks them to grow faster than at any time in decades. Electric vehicles, heat pumps, factories reshoring to the US and Europe and, above all, data centres for artificial intelligence are all adding load, while new wind, solar and battery capacity must be connected to it.

Every part of that build-out is made of critical minerals. Copper and aluminum carry the current, in high-voltage lines, underground cables and transformer windings. Silicon gives transformer cores their efficiency through grain-oriented electrical steel. Zinc protects transmission towers from rust, while lithium, graphite, phosphate and vanadium fill the batteries that balance supply and demand. Generation adds its own list: rare earth magnets in wind turbines, silver and tellurium in solar panels, uranium and zirconium in nuclear plants.

Stockatomics maps 60 critical minerals to power grids, from the conductors on the poles to the minerals inside the batteries and generators connected to them.

## Why power grids need these minerals

Grids need critical minerals to carry power, to transform it between voltages, to store it and, increasingly, to generate it.

### Carrying power

**Copper** is the conductor of choice for cables, windings and substations, while **aluminum** carries most overhead transmission because it is lighter. **Zinc** galvanises steel towers and poles against corrosion, and **lead** still sheaths some underground and undersea cables.

### Transforming and switching

Transformers depend on grain-oriented electrical steel, made with **silicon**, wrapped in copper or aluminum windings. Switchgear uses **tungsten** contacts and, in many designs, an insulating gas made from **fluorspar**.

### Storing power

Grid-scale batteries are mostly lithium iron phosphate, which needs **lithium**, **phosphate** and **graphite**, with **aluminum** and copper foils. **Vanadium** flow batteries store power for longer periods, and **lead** batteries remain common for backup.

### Generating power

Wind turbines use permanent magnets of **neodymium**, **praseodymium**, **dysprosium** and **terbium** with **boron**, solar panels use **silver**, **silicon** and, in thin-film designs, **tellurium**, and nuclear plants depend on **uranium**, **zirconium** and **hafnium**.

## Power grids supply chain risks

The grid's biggest supply risks are in volume rather than exotic materials. Copper and aluminum are needed in enormous quantities, and new copper mines take a decade or more to build. Transformers have become a global bottleneck, with long waiting times, partly because grain-oriented electrical steel is made by only a few producers; the United States has a single domestic maker.

Concentration matters most in storage and generation. China dominates battery manufacturing and graphite processing, as well as the rare earth magnets used in wind turbines, while uranium enrichment outside Russia is limited and fluorspar supply for switchgear gases is tight.

### What that means for grids

- Utilities are ordering transformers and cable years ahead and standardising designs to speed up supply
- Governments are funding domestic transformer, cable and electrical steel production
- Grid investment plans increasingly depend on securing materials as much as on financing

## What is changing for power grids

As of October 2026, power grids are moving from a slow-growth industry to one of the fastest-growing sources of mineral demand. After years of flat electricity demand in many advanced economies, data centres, electrification and new industry are adding load, while renewables and storage reshape how power is generated and balanced.

### What to watch

- **Transformer and cable supply:** long waiting times are spurring new factories and standardised designs
- **Interconnection queues:** projects waiting years to connect are pushing utilities to invest in transmission
- **Storage everywhere:** grid batteries are being built at scale, mostly lithium iron phosphate, with interest in long-duration alternatives such as vanadium flow
- **Nuclear revival:** life extensions, restarts and small modular reactors are bringing uranium and zirconium back into grid planning
- **Copper versus aluminum:** high copper prices are encouraging aluminum substitution where it is technically possible

## In the Stockatomics Terminal

Demand share by mineral, implied demand value, demand growth scenarios and companies ranked by power grids exposure.

## Companies linked to power grids

| Company | Ticker | Exchange |
| --- | --- | --- |
| [ABB](https://www.stockatomics.com/companies/abb-swx-abbn) | ABBN | SWX |
| [Albemarle](https://www.stockatomics.com/companies/albemarle-nyse-alb) | ALB | NYSE |
| [Alcoa](https://www.stockatomics.com/companies/alcoa-nyse-aa) | AA | NYSE |
| [Alpha Metallurgical Resources](https://www.stockatomics.com/companies/alpha-metallurgical-resources-nyse-amr) | AMR | NYSE |
| [Amazon](https://www.stockatomics.com/companies/amazon-nasdaq-amzn) | AMZN | NASDAQ |
| [Americas Gold and Silver](https://www.stockatomics.com/companies/americas-gold-and-silver-nyse-american-usas) | USAS | NYSE American |
| [Andrada Mining](https://www.stockatomics.com/companies/andrada-mining-aim-atm) | ATM | AIM |
| [Anglo American](https://www.stockatomics.com/companies/anglo-american-lon-aal) | AAL | LON |
| [Antofagasta](https://www.stockatomics.com/companies/antofagasta-lon-anto) | ANTO | LON |
| [Arcosa](https://www.stockatomics.com/companies/arcosa-nyse-aca) | ACA | NYSE |
| [Baoshan Iron & Steel](https://www.stockatomics.com/companies/baoshan-iron-and-steel-sha-600019) | 600019 | SHA |
| [Barrick Mining](https://www.stockatomics.com/companies/barrick-mining-nyse-b) | B | NYSE |
| [BHP](https://www.stockatomics.com/companies/bhp-nyse-bhp) | BHP | NYSE |
| [Boliden](https://www.stockatomics.com/companies/boliden-sto-bol) | BOL | STO |
| [Boss Energy](https://www.stockatomics.com/companies/boss-energy-asx-boe) | BOE | ASX |
| [Brookfield Renewable](https://www.stockatomics.com/companies/brookfield-renewable-nyse-bep) | BEP | NYSE |
| [Cameco](https://www.stockatomics.com/companies/cameco-nyse-cco) | CCO | NYSE |
| [Canadian Solar](https://www.stockatomics.com/companies/canadian-solar-nasdaq-csiq) | CSIQ | NASDAQ |
| [Capstone Copper](https://www.stockatomics.com/companies/capstone-copper-tse-cs) | CS | TSE |
| [Century Aluminum](https://www.stockatomics.com/companies/century-aluminum-nasdaq-cenx) | CENX | NASDAQ |
| [Chalco](https://www.stockatomics.com/companies/chalco-hkg-2600) | 2600 | HKG |
| [China Hongqiao](https://www.stockatomics.com/companies/china-hongqiao-hkg-1378) | 1378 | HKG |
| [Cleveland-Cliffs](https://www.stockatomics.com/companies/cleveland-cliffs-nyse-clf) | CLF | NYSE |
| [CMOC Group](https://www.stockatomics.com/companies/cmoc-group-hkg-3993) | 3993 | HKG |
| [Coeur Mining](https://www.stockatomics.com/companies/coeur-mining-nyse-cde) | CDE | NYSE |
| [Constellation Energy](https://www.stockatomics.com/companies/constellation-energy-nasdaq-ceg) | CEG | NASDAQ |
| [Digital Realty](https://www.stockatomics.com/companies/digital-realty-nyse-dlr) | DLR | NYSE |
| [Duke Energy](https://www.stockatomics.com/companies/duke-energy-nyse-duk) | DUK | NYSE |
| [Eaton](https://www.stockatomics.com/companies/eaton-nyse-etn) | ETN | NYSE |
| [Energy Fuels](https://www.stockatomics.com/companies/energy-fuels-nyse-american-uuuu) | UUUU | NYSE American |
| [Equinix](https://www.stockatomics.com/companies/equinix-nasdaq-eqix) | EQIX | NASDAQ |
| [Eramet](https://www.stockatomics.com/companies/eramet-epa-eramet) | ERAMET | EPA |
| [Ferroglobe](https://www.stockatomics.com/companies/ferroglobe-nasdaq-gsm) | GSM | NASDAQ |
| [First Majestic Silver](https://www.stockatomics.com/companies/first-majestic-silver-nyse-ag) | AG | NYSE |
| [First Quantum Minerals](https://www.stockatomics.com/companies/first-quantum-minerals-tse-fm) | FM | TSE |
| [First Solar](https://www.stockatomics.com/companies/first-solar-nasdaq-fslr) | FSLR | NASDAQ |
| [Freeport-McMoRan](https://www.stockatomics.com/companies/freeport-mcmoran-nyse-fcx) | FCX | NYSE |
| [Fresnillo](https://www.stockatomics.com/companies/fresnillo-otc-fnlpf) | FNLPF | OTC |
| [GE Vernova](https://www.stockatomics.com/companies/ge-vernova-nyse-gev) | GEV | NYSE |
| [Glencore](https://www.stockatomics.com/companies/glencore-otc-glcnf) | GLCNF | OTC |
| [Goldwind](https://www.stockatomics.com/companies/goldwind-she-002202) | 002202 | SHE |
| [HD Hyundai Electric](https://www.stockatomics.com/companies/hd-hyundai-electric-krx-267260) | 267260 | KRX |
| [Hecla Mining](https://www.stockatomics.com/companies/hecla-mining-nyse-hl) | HL | NYSE |
| [Hindustan Zinc](https://www.stockatomics.com/companies/hindustan-zinc-nse-hindzinc) | HINDZINC | NSE |
| [Hitachi](https://www.stockatomics.com/companies/hitachi-tyo-6501) | 6501 | TYO |
| [Hubbell](https://www.stockatomics.com/companies/hubbell-nyse-hubb) | HUBB | NYSE |
| [Hudbay Minerals](https://www.stockatomics.com/companies/hudbay-minerals-tse-hbm) | HBM | TSE |
| [ICL Group](https://www.stockatomics.com/companies/icl-group-nyse-icl) | ICL | NYSE |
| [IGO](https://www.stockatomics.com/companies/igo-asx-igo) | IGO | ASX |
| [Iluka Resources](https://www.stockatomics.com/companies/iluka-resources-asx-ilu) | ILU | ASX |
| [Impala Platinum](https://www.stockatomics.com/companies/impala-platinum-otc-impuy) | IMPUY | OTC |
| [Intrepid Potash](https://www.stockatomics.com/companies/intrepid-potash-nyse-ipi) | IPI | NYSE |
| [Itron](https://www.stockatomics.com/companies/itron-nasdaq-itri) | ITRI | NASDAQ |
| [Ivanhoe Mines](https://www.stockatomics.com/companies/ivanhoe-mines-tse-ivn) | IVN | TSE |
| [JinkoSolar](https://www.stockatomics.com/companies/jinkosolar-nyse-jks) | JKS | NYSE |
| [Kenmare Resources](https://www.stockatomics.com/companies/kenmare-resources-lon-kmr) | KMR | LON |
| [KGHM Polska Miedz](https://www.stockatomics.com/companies/kghm-otc-kghpf) | KGHPF | OTC |
| [Korea Zinc](https://www.stockatomics.com/companies/korea-zinc-krx-010130) | 010130 | KRX |
| [Landis+Gyr](https://www.stockatomics.com/companies/landis-gyr-swx-land) | LAND | SWX |
| [Largo](https://www.stockatomics.com/companies/largo-nasdaq-lgo) | LGO | NASDAQ |
| [Liontown Resources](https://www.stockatomics.com/companies/liontown-resources-asx-ltr) | LTR | ASX |
| [LONGi](https://www.stockatomics.com/companies/longi-sha-601012) | 601012 | SHA |
| [Lundin Mining](https://www.stockatomics.com/companies/lundin-mining-tse-lun) | LUN | TSE |
| [Lynas Rare Earths](https://www.stockatomics.com/companies/lynas-rare-earths-asx-lyc) | LYC | ASX |
| [Materion](https://www.stockatomics.com/companies/materion-nyse-mtrn) | MTRN | NYSE |
| [Mineral Resources](https://www.stockatomics.com/companies/mineral-resources-asx-min) | MIN | ASX |
| [Mitsubishi Heavy Industries](https://www.stockatomics.com/companies/mitsubishi-heavy-industries-tyo-7011) | 7011 | TYO |
| [Molymet](https://www.stockatomics.com/companies/molymet-snse-molymet) | MOLYMET | SNSE |
| [Mosaic](https://www.stockatomics.com/companies/mosaic-nyse-mos) | MOS | NYSE |
| [MP Materials](https://www.stockatomics.com/companies/mp-materials-nyse-mp) | MP | NYSE |
| [Newmont](https://www.stockatomics.com/companies/newmont-nyse-nem) | NEM | NYSE |
| [Nexa Resources](https://www.stockatomics.com/companies/nexa-resources-nyse-nexa) | NEXA | NYSE |
| [Nexans](https://www.stockatomics.com/companies/nexans-epa-nex) | NEX | EPA |
| [NextEra Energy](https://www.stockatomics.com/companies/nextera-energy-nyse-nee) | NEE | NYSE |
| [NGK Insulators](https://www.stockatomics.com/companies/ngk-insulators-tyo-5333) | 5333 | TYO |
| [Nippon Steel](https://www.stockatomics.com/companies/nippon-steel-tyo-5401) | 5401 | TYO |
| [Nordex](https://www.stockatomics.com/companies/nordex-etr-ndx1) | NDX1 | ETR |
| [Norsk Hydro](https://www.stockatomics.com/companies/norsk-hydro-osl-nhy) | NHY | OSL |
| [Nutrien](https://www.stockatomics.com/companies/nutrien-nyse-ntr) | NTR | NYSE |
| [Ørsted](https://www.stockatomics.com/companies/orsted-cph-orsted) | ORSTED | CPH |
| [Paladin Energy](https://www.stockatomics.com/companies/paladin-energy-asx-pdn) | PDN | ASX |
| [Pan American Silver](https://www.stockatomics.com/companies/pan-american-silver-nyse-paas) | PAAS | NYSE |
| [Pilbara Minerals](https://www.stockatomics.com/companies/pilbara-minerals-asx-pls) | PLS | ASX |
| [POSCO](https://www.stockatomics.com/companies/posco-krx-005490) | 005490 | KRX |
| [Prysmian](https://www.stockatomics.com/companies/prysmian-bit-pry) | PRY | BIT |
| [Quanta Services](https://www.stockatomics.com/companies/quanta-services-nyse-pwr) | PWR | NYSE |
| [Ramaco Resources](https://www.stockatomics.com/companies/ramaco-resources-nasdaq-metc) | METC | NASDAQ |
| [Rio Tinto](https://www.stockatomics.com/companies/rio-tinto-nyse-rio) | RIO | NYSE |
| [RWE](https://www.stockatomics.com/companies/rwe-etr-rwe) | RWE | ETR |
| [Schneider Electric](https://www.stockatomics.com/companies/schneider-electric-epa-su) | SU | EPA |
| [Sibanye-Stillwater](https://www.stockatomics.com/companies/sibanye-stillwater-nyse-sbsw) | SBSW | NYSE |
| [Siemens](https://www.stockatomics.com/companies/siemens-etr-sie) | SIE | ETR |
| [Siemens Energy](https://www.stockatomics.com/companies/siemens-energy-etr-enr) | ENR | ETR |
| [Sinomine Resource Group](https://www.stockatomics.com/companies/sinomine-resource-group-she-002738) | 002738 | SHE |
| [Sociedad Quimica y Minera](https://www.stockatomics.com/companies/sqm-nyse-sqm) | SQM | NYSE |
| [South32](https://www.stockatomics.com/companies/south32-asx-s32) | S32 | ASX |
| [Southern Copper](https://www.stockatomics.com/companies/southern-copper-nyse-scco) | SCCO | NYSE |
| [Sunrun](https://www.stockatomics.com/companies/sunrun-nasdaq-run) | RUN | NASDAQ |
| [Syrah Resources](https://www.stockatomics.com/companies/syrah-resources-otc-syaaf) | SYAAF | OTC |
| [thyssenkrupp](https://www.stockatomics.com/companies/thyssenkrupp-etr-tka) | TKA | ETR |
| [Titan Mining](https://www.stockatomics.com/companies/titan-mining-tse-ti) | TI | TSE |
| [Trina Solar](https://www.stockatomics.com/companies/trina-solar-sha-688599) | 688599 | SHA |
| [Tronox](https://www.stockatomics.com/companies/tronox-nyse-trox) | TROX | NYSE |
| [United States Antimony](https://www.stockatomics.com/companies/united-states-antimony-nyse-uamy) | UAMY | NYSE |
| [Ur-Energy](https://www.stockatomics.com/companies/ur-energy-nyse-american-urg) | URG | NYSE American |
| [Uranium Energy](https://www.stockatomics.com/companies/uranium-energy-nyse-american-uec) | UEC | NYSE American |
| [Vale](https://www.stockatomics.com/companies/vale-nyse-vale) | VALE | NYSE |
| [Valmont Industries](https://www.stockatomics.com/companies/valmont-industries-nyse-vmi) | VMI | NYSE |
| [Vertiv](https://www.stockatomics.com/companies/vertiv-nyse-vrt) | VRT | NYSE |
| [Vestas Wind Systems](https://www.stockatomics.com/companies/vestas-wind-systems-cph-vws) | VWS | CPH |
| [Vistra](https://www.stockatomics.com/companies/vistra-nyse-vst) | VST | NYSE |
| [Warrior Met Coal](https://www.stockatomics.com/companies/warrior-met-coal-nyse-hcc) | HCC | NYSE |
| [Whitehaven Coal](https://www.stockatomics.com/companies/whitehaven-coal-asx-whc) | WHC | ASX |

## FAQ

### Why do power grids need critical minerals?

Grids carry, transform, store and increasingly generate electricity, and each of those depends on critical minerals: copper and aluminum for conductors, silicon for transformer steel, lithium and vanadium for storage, and rare earths, silver and uranium for generation.

### Why is there a shortage of transformers?

Demand from renewables, data centres and replacement of ageing equipment has surged, while manufacturing capacity, including for the electrical steel in transformer cores, has not kept pace.

### Is aluminum replacing copper in the grid?

Aluminum already carries most overhead transmission because it is lighter, and high copper prices are encouraging its use in some cables and windings. Copper remains essential where space, efficiency or reliability matter most.

### Which batteries are used on the grid?

Mostly lithium iron phosphate, which needs lithium, phosphate and graphite. Vanadium flow batteries and other long-duration technologies are used where energy must be stored for many hours.

### Which critical minerals do power grids need?

Power grids depend on 60 critical minerals: aluminum, antimony, arsenic, barite, beryllium, bismuth, boron, cerium, cesium, chromium, cobalt, copper, dysprosium, erbium, europium, fluorspar, gadolinium, gallium, germanium, graphite, hafnium, holmium, indium, iridium, lanthanum, lead, lithium, lutetium, magnesium, manganese, metallurgical coal, neodymium, nickel, niobium, palladium, phosphate, platinum, potash, praseodymium, rhenium, rhodium, rubidium, ruthenium, samarium, scandium, silicon, silver, tantalum, tellurium, terbium, thulium, tin, titanium, tungsten, uranium, vanadium, ytterbium, yttrium, zinc and zirconium. [Each mineral's role and price per kg](https://www.stockatomics.com/sectors/power-grids#minerals-table) is on this page.

### Which companies are linked to power grids?

Stockatomics links 113 listed companies to power grids through the critical minerals they produce, process or recover and the components they make or buy, among them [ABB](https://www.stockatomics.com/companies/abb-swx-abbn) (SWX: ABBN), [Albemarle](https://www.stockatomics.com/companies/albemarle-nyse-alb) (NYSE: ALB), [Alcoa](https://www.stockatomics.com/companies/alcoa-nyse-aa) (NYSE: AA), [Alpha Metallurgical Resources](https://www.stockatomics.com/companies/alpha-metallurgical-resources-nyse-amr) (NYSE: AMR), [Amazon](https://www.stockatomics.com/companies/amazon-nasdaq-amzn) (NASDAQ: AMZN) and [Americas Gold and Silver](https://www.stockatomics.com/companies/americas-gold-and-silver-nyse-american-usas) (NYSE American: USAS). [See all 113](https://www.stockatomics.com/sectors/power-grids#companies).

## Related sectors

- [Defence](https://www.stockatomics.com/sectors/defence): 60 minerals in common
- [Semiconductors](https://www.stockatomics.com/sectors/semiconductors): 57 minerals in common
- [Electric Vehicles](https://www.stockatomics.com/sectors/electric-vehicles): 57 minerals in common

## Sources

- U.S. Geological Survey (USGS): the US critical minerals list and where each mineral is used.
- Company filings: each company’s minerals and its role in each.
- Stockatomics: each mineral’s benchmark price per kg.

Last updated 18 October 2026.