As global demand for minerals and raw materials increases, buoyed by the soaring of certain commodity prices, purported green ambitions, and nationalist fervour, governments have begun wielding a range of regulatory tools and sometimes strong-arm tactics against foreign mining companies in the name of resource nationalism.
The resurgence of resource nationalism—particularly in countries experiencing political upheaval, such as the “Coup Belt” in Francophone Africa—poses a major risk to the ambitions of foreign mining companies and the battery revolution.