Studies Reveal China’s Dominant Position in High-Tech Minerals
Voice of America
New clean energy technologies like solar power and electric vehicles are expected to remake the global energy industry. Trillions of dollars used to drill and ship oil and gas will instead be spent finding and processing the specialized minerals used to make high-tech gear including advanced electric generators and powerful, compact batteries.
Energy analysts say this will challenge the United States, which will likely need to import vastly more minerals like cobalt, lithium and aluminum, at the same time that China has increased its control over the supply of some key resources. A VOA examination of U.S. government data shows how China has become the main supplier for some of the most important raw materials that Western countries import, giving Beijing leverage over the materials that go into everything from advanced fighter jets to solar panels. Not only has Beijing bought up some of the world’s biggest mines for these minerals, the country also has invested heavily in the processing facilities that refine the raw materials into industrially-useful products, strengthening Beijing’s position in global supply chains.More Related News
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