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Critical Minerals and Strategic Competition
Rising demand for critical minerals for energy and defense applications is bringing a new element to national security and economic competitiveness. Supply chain concentration and technological advancements present pressing strategic challenges. In response, policies are being pursued to secure resources, diversify supply chains, unlock financing and guarantee demand and investments. Secure access to critical minerals is now seen as inseparable from a nation’s prosperity and security. The risks are most evident today with rare earths, but increasing attention will be paid to copper as ‘the metal of electrification”.