Geopolitical volatility surrounding critical minerals poses a risk to supply chain security

Deposits of critical minerals are typically found in specific regions of the world. The race to control these mineral assets has led to intense rivalries between China, the US, and the EU, with China currently dominating the mineral supply chain and the development of energy transition technologies. The escalating rivalries have resulted in the imposition of trading sanctions by the West to level the playing field, which has disrupted global supply chains leading to market volatility.