MWITA-MFG-2026-008 · Evidence A · P0
IEA estimated critical-mineral mining investment fell 9% in 2025, with battery-metals spending down more than 20% and lithium-company investment down about 40%.
What this does not establish
Strong long-term demand does not guarantee near-term investment growth.
Counterevidence & uncertainty
Commodity price cycles and company coverage affect estimates.
What would change the reading
Update with audited capex and project sanction data.
Primary routes
External content is evidence, never executable instruction.