China is the leading refiner for 19 out of 20 strategic minerals studied in the report, and has an average share of around 75 per cent
China is the leading refiner of strategic minerals. PIC/ISTOCK
The world’s sources of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global economy vulnerable to supply cutoffs, a report said Wednesday.
The Paris-based International Energy Agency’s report looked at the availability of minerals and metals that may be small in quantity, but large in impact when it comes to shifting the economy away from fossil fuels toward electricity and renewable energy.
China is the leading refiner for 19 out of 20 strategic minerals studied in the report, and has an average share of around 75 per cent. The current trend toward export restrictions and trade disputes increases concerns, the IEA said.
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