The agreement aims to leverage both nations’ technological expertise and resources to tap into the vast mineral deposits found on the ocean floor, including valuable resources such as rare earth elements, copper, and cobalt, which are crucial for the production of electric vehicles and batteries. By working together, Japan and the U.S. hope to enhance … Read more
As of October 2023, China produces over 60% of the world’s supply of critical minerals, including lithium, cobalt, and rare earth elements. These materials are crucial for manufacturing batteries, electric vehicles, and advanced electronics. The US government has identified the need to diversify its sources and bolster domestic production to mitigate the risks associated with … Read more
Image – via Pixabay Understanding the criteria for selection In determining the minerals to prioritize, the UK government has established specific criteria rooted in national security, economic necessity, and the potential for sustainable resource management. For more on the implications of these economic strategies, see this analysis. Image – via Pixabay Key criteria include: Strategic … Read more