Critical Minerals: Shaping the Global Order Through Resource Access
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Critical Minerals: The New Global Power Play Reshaping World Order
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Firstpost•24-02-2026, 14:53
Critical Minerals: The New Global Power Play Reshaping World Order
•Access to critical minerals and rare earth elements (CMs-REEs) is now central to global power dynamics, driving technological advancement, energy transition, and national defense.
•Major powers like the US, Russia, and China are racing to the Moon to secure vast, untapped deposits of CMs-REEs, with ambitious plans for lunar bases and nuclear power plants.
•China currently dominates the CMs-REEs market, controlling 80% of extracted minerals and 90% of processing, leading to global concerns about supply chain vulnerability.
•The US launched Pax Silica and Forge initiatives, forming alliances with 55 countries to diversify supply chains, reduce dependence on China, and secure critical minerals for semiconductors and AI.
•Balochistan, rich in copper and gold, has become a strategic focus for US investment, with a $1.3 billion EXIM Bank deal aimed at securing critical mineral supplies and reshaping global markets.
