Business Daily Critical minerals: What does the future hold?
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May 29, 2025 Roed Dawan, CEO of the International Council on Mining and Metals, leads the conversation on the urgent issues surrounding critical minerals essential for green energy. He discusses the soaring demand for cobalt, lithium, and copper and how this is affected by geopolitical tensions, particularly with China. The talk touches on the ethical and environmental challenges in mining, advocating for sustainable practices and equitable benefits for local communities in resource-rich regions. Dawan envisions a transformative future for the mining industry with responsible and efficient operations.
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China's Strategic Mineral Control
- China controls 60 to 90% of global supply chains for critical minerals like rare earths, lithium, and graphite.
- This dominance is not only economic but also strategic, influencing global geopolitics.
Users Must Invest in Mining
- Metals and minerals users, including car makers and renewable energy firms, must invest in mining to secure supply.
- Responsibility for growing mining should be shared beyond mining companies alone.
Africa's Growing Mineral Appeal
- Africa's vast critical mineral reserves are increasingly desirable due to global supply pressures.
- Responsible development must ensure economic benefits reach local communities and avoid exploitative models.
