China’s Grip on Critical Minerals Draws Warnings at IEA Gathering

The remarks to high-level government officials, executives and academics came Thursday in Paris at the International Energy Agency’s first-ever meeting about critical minerals. Granholm and other speakers repeatedly implied that one country — China — controls much of the world’s processing of materials used in everything from electric vehicles and wind turbines to missile guidance systems.

Energy security will become more complex over the coming decades as countries require more of the nickel, cobalt, lithium and other materials needed to cut down on global emissions, she said. Granholm and other speakers didn’t explicitly identify China by name in their comments, but the Asian nation is known to dominate the entire value chain of many key minerals. China accounts for more than half the world’s production of battery metals including lithium, cobalt and manganese, and as much as 100% of rare earths.

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Canada sees China as less 'dependable' partner on critical minerals, minister saysCanada wants to reach deals with countries that are more 'dependable' trading partners than China for the supply and processing of the critical materials needed to power the energy transition, a Canadian minister said on Tuesday. 'Much of the critical mineral resources around the world is controlled by China ... We are in a geopolitical universe where China is a trading partner that is probably not as dependable as the countries with whom we share values,' Canada's Energy and Natural Resources Minister Jonathan Wilkinson said at a Canada-UK critical minerals investment forum in London.
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