China has been urged to create a multi-agency mechanism to secure supplies of critical minerals as a geopolitical leverage against the United States and its allies amid a global drive towards green energy.
Experts studying the White House’s strategy on rare earths say the proposed body could be similar to the system in the US where the commerce, energy, foreign policy and federal authorities are all involved in devising and implementing critical minerals strategies.
The proposal is part of an analysis by a three-member team led by Yu Hongyuan, professor and director of the Institute for Comparative Politics and Public Policy at the Shanghai Institutes for International Studies.
The others are Guan Longcheng, a postgraduate student with the institute and Ma Zhe, an associate researcher with Chinese Academy of Geological Sciences. As the world races to hit net zero emissions by 2050, it will require six times more mineral inputs in 2040 than it does today, according to the International Energy Agency.
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