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Picture Courtesy:The Hindu
Context:
China dominance in critical minerals shapes global supply chains, driving competition and economic growth in key tech sectors.
About Critical minerals
"Critical minerals" are minerals considered essential for modern technology and the economy, but with a high risk of supply chain disruption due to factors like limited geographic sources, geopolitical instability, or complex extraction processes.
They are crucial for national security and the transition to clean energy technologies, particularly in areas like electric vehicles and renewable energy sources like wind turbines; examples include lithium, cobalt, nickel, rare earth elements, and graphite, whose scarcity can significantly impact the production of vital products if their supply is disrupted.
Examples of critical minerals:
Lithium: Essential for electric vehicle batteries
Cobalt: Used in lithium-ion batteries for electric vehicles and elec...
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