All Things Policy China: Critical Player in Critical Minerals Supply Chains
5 snips
Apr 12, 2024 Neha Mishra, Executive Officer at the Confederation of Indian Industry and a Takshashila NASC Fellow, dives into China's critical role in global minerals supply chains. She examines China's strategic dominance in rare earth elements and the geopolitical implications of this reliance. The discussion highlights international efforts to diversify supply chains and the evolution of critical minerals in response to changing energy policies. Neha also explores China's investments and the shift towards stronger business-to-business relationships with Western nations.
AI Snips
Chapters
Transcript
Episode notes
Critical Minerals Defined
- Critical minerals are essential for energy technologies, but their definitions vary by country and time.
- Over-dependence on China for these minerals poses supply chain risks.
China's Strategic Dominance
- A mineral's criticality depends on geological scarcity, geopolitical factors, and its role in energy technologies.
- China's dominance stems from controlling the entire value chain: mining, production, and processing.
China's Policy Toolkit
- China has strategically invested in critical mineral value chains, offering low prices and operating costs.
- This has made other countries reliant on China for raw materials, manufacturing, or processing technology.