Rare earth metals, essential for technologies like smartphones and electric vehicles, are becoming a critical geopolitical resource. Nations are competing to secure access and reduce reliance on monopolistic suppliers.
Major Players
1. China: Controls over 60% of global rare earth production.
2. United States: Investing in domestic mining and partnerships to reduce dependency.
3. Africa: Emerging as a key supplier with untapped reserves.
Implications
Economic leverage for resource-rich nations.
Potential trade wars or alliances over access.
Conclusion
The race for rare earth metals will shape 21st-century geopolitics, influencing technology, trade, and power dynamics globally.
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