Beijing Controls Minerals That Run The World

China’s recent decision to impose export restrictions on two minerals used in semiconductors, solar panels, and missile systems goes beyond a mere trade maneuver.

It serves as a stark reminder of China’s significant control over global mineral resources and signifies its readiness to employ them in the escalating rivalry with the United States.

Approximately two-thirds of the world’s lithium and cobalt, crucial for electric cars, undergo processing in China, the Wall Street Journal has reported.

The country is responsible for nearly 60% of aluminum production, which is also utilized in electric vehicle (EV) batteries, as well as 80% of polysilicon, a key component in solar panels.

READ MORE: https://www.wsj.com/articles/china-controls-minerals-that-run-the-worldand-just-fired-a-warning-shot-at-u-s-5961d77b

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