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Critical Minerals and Great Power Competition: An Overview

2024/10/23 by Jiayi Zhou, André Månberger · 1 voice
Economics, Econometrics and Finance · Energy · #Global Energy and Sustainability Research #Natural Resources and Economic Development

paper · pdf · doi:10.55163/wemj9585

openalex publication_date 2024/10/23 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/01

Abstract

With global politics increasingly fractured, states are rushing to secure critical and strategic mineral supply chains. Each state conceptualizes mineral security differently, driven by a mix of imperatives that range from national development and industrial policy to technological and military dominance. Great power competition pervades all of these issue areas, and that competition may also pose risks at the global level: risks for the pace of green transition, risks of geoeconomic escalation and risks of conflict. This report provides an insightful overview of the mineral security policies of four key powers: China, the European Union, Russia and the United States. It describes the distinct ways in which they conceptualize mineral security, compares their priority lists of critical and strategic minerals. It considers the wider imperatives that motivate their policies and assesses the implications for developing countries. The report concludes by reflecting on the need to mitigate the worst of the resultant risks through expanded dialogue with a wider set of stakeholders. The goal is a form of mineral security that can serve more broad-based, global developmental interests.

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