The global race for critical minerals is on. Here’s why they’re the lifeblood of the new tech era

[human1234]

The global race for critical minerals is on. Here’s why they’re the lifeblood of the new tech era

 

https://mineralprices.com/the-global-race-for-critical-minerals-is-on-heres-why-theyre-the-lifeblood-of-the-new-tech-era/

[human1234]

• Canada and the U.S. are each other’s largest minerals trading partner, amounting to $146 billion in bilateral trade¹.
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  The U.S. is 100% import reliant for 12 of its identified list of 50 critical minerals, and net import reliant (>50%) for 29 of those critical minerals².
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  China is the primary foreign source for a quarter of the U.S.‘s critical minerals³.
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  Disruptions to the supply of critical minerals could cause material damage to the U.S. economy. One example: a 30% supply restriction of gallium could cause a $600 billion (U.S.) decline in U.S. GDP⁴.