Resource nationalism is on the rise globally. Governments have increased control over natural resources in 47 developing countries in the past five years, Verisk Maplecroft chief analyst Jimena Blanco noted in an interview.
This group includes 17 producers of minerals considered critical for the energy transition.
“Unlike in previous cycles where resource nationalism rose with commodity prices, today’s trend stems from geopolitical tensions and debates over the role critical minerals play in our economies,” the analyst told host Devan Murugan at sister publication Mining.com on a video call.
Chile declared lithium a national interest two years ago, concentrating about a quarter of global lithium output, Blanco pointed out. Similarly, about a third of global copper comes from countries with rising state control. Recently, the United States announced plans to build refining facilities on military bases. This move aims to secure critical mineral supply chains for national security.
Watch the full interview below:
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