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As the demand continues to rise for precious minerals, many world powers are scrambling to invest and secure valuable trade agreements with major mineral deposits around the world. China has been leading and winning the race by investing billions of dollars for over 25 years.
Major Chinese Investment Abroad For Minerals (Africa)
Due to the continually rising demand for precious minerals, many world powers are scrambling to invest and secure valuable trade agreements at major mineral deposit sites around the world. At the forefront of this race, China has been investing billions of dollars into foreign economies, especially on the African continent, to secure the mineral rights to mine Africa’s natural resources like lithium, cobalt, nickel, manganese, graphite, and iron. According to the foreign policy research institute (fpri) “Between 2001 and 2018, China loaned approximately $126 billion to African countries. Between 2001 and 2018, China invested $41 billion in FDI.” These steps taken by China to place itself at the front of the pack in terms of foreign mineral investment has placed them in a unique place of power for the coming years. The need for rare minerals such as cobalt, lithium, manganese, etc… will make their investments, such as the $6 billion cobalt mining contract (see Bloomberg) signed in 2008 with the Democratic Republic of the Congo (DRC) all the more lucrative and very strategic for China
China Holds A Stranglehold On The World's Mineral Supply
China's position on the mineral world stage will allow them to dominate the EV and lithium-ion battery world now and in the near future. CSIS (Center for Strategic and International Studies) states that “From 2008 to 2018, China exported nearly 408,000 metric tons of rare earths, which amounted to 42.3 percent of all rare earth exports over this period.” The United States pales in comparison, supplying only 9.3 percent of the global total. CSIS also says that “As of 2018, the US still imported…
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