Economically Critical Metals: Unpacking the Geopolitical Battle between America and China
Geopolitical Tensions Shape Economically Critical Metals Supply
The ongoing trade war between America and China has reached a critical point, affecting the supply of economically critical metals essential for semiconductor production and green technology.
China's Export Controls: A Strategic Move
Beginning September 15, Beijing will impose strict export controls on antimony, vital for military applications, following last year’s limitations on germanium and gallium. These moves highlight China’s dominance in rare earth elements, controlling 60% of production and 90% of processing.
The Response from the West
In response, the U.S. and allies have initiated the Mineral Security Partnership to bolster cooperation on critical resources. However, immediate action is imperative as fears mount over rising prices and potential declines in chip production.
Strategies for Securing Supplies of Economically Critical Metals
- Steps are needed to enhance mining and refining efforts globally, especially in regions outside China.
- Government policies must streamline regulatory processes, improving profitability for domestic production.
- Innovative recycling methods and research into substitutes must be prioritized to mitigate reliance on Chinese exports.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.