Classifieds

Commentary
China dominates global supply chains for nearly all critical mineral resources. Especially important are elements such as nickel, cobalt, lithium, copper, and the rare earths that power decarbonization technologies such as batteries, electric motors, and turbines. The rapidly increasing demand for these minerals has rekindled interest in extracting polymetallic nodules from the deep seabed.
China controls the supply of these resources through extraction, either within its borders (especially in the case of rare earths) or through ownership of critical foreign mineral resources (for example, cobalt in the Democratic Republic of the Congo). It also dominates mineral processing, controlling the vast majority of global operations. A recent study by S&P Global Inc. found that 11 of the 16 companies that make nickel sulfate are in China. The study projects that China will produce 824 billion metric tons of nickel sulfate per year by 2030, while North America and Europe will produce just 146 billion metric tons....