2 chapters across the catalog
A shift in climate change rhetoric now frames fossil fuels as "unreliable" due to geopolitical instability like the war in Ukraine. In response to the green energy transition, Indonesia and Australia are exploring the formation of an OPEC-like cartel for battery metals, specifically nickel. Such a coalition would aim to manipulate prices and control the supply chain for electric vehicle components.
Critical Raw Materials, China Dependency, Canada Mining
The European Union is seeking to diversify its supply of critical raw materials like lithium, silicon, and rare earth metals to avoid replacing energy dependency on Russia with a new dependency on China. Ursula von der Leyen announced a trip to Canada to establish partnerships for sourcing these commodities, which are essential for electric vehicle batteries and wind turbines. The strategy aims to secure reliable partners who share EU values to prevent future economic "blackmail."
