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Report: World’s supply of critical minerals for clean energy is concentrated in fewer countries
The world’s supplies of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global economy vulnerable to supply cutoffs.
FRANKFURT, Germany (AP) — The world’s sources of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global economy vulnerable to supply cutoffs that could disrupt industry and hit consumers with higher prices, a report said Wednesday. China is a massive global source of critical minerals required for a wide range of goods that includes computer chips, robots, electric autos, batteries, drones, and military equipment. China has placed export limits of many of these key products and tightened controls on others as President Donald Trump’s trade negotiations escalate, stifling U.S. industry and the nation’s ability to find quick alternatives.
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