Author: Anela Dokso
China’s strategic maneuvering within the global market for critical minerals has been characterized by a substantial financial commitment over the last two decades. With an estimated $57 billion funneled into securing the supply chain, China has established a preeminent position by leveraging a network of at least 26 state-backed financial institutions. These minerals—including copper, cobalt, nickel, lithium, and rare earths (REE)—are essential components in the transition to renewable energy technologies, such as electric vehicle batteries and solar panels. Between 2000 and 2021, Chinese financial entities extended nearly $57 billion in loans to 19 countries, enabling China to cement long-term control over…
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