EQ2 Rare earth metals and geopolitics

Question 1

Why are rare earth metals critical in the shift toward sustainable energy?

Answer 1

They power technologies like solar panels, wind turbines, electric vehicles and battery storage.

Rare earth metals (REMs) are essential for the production of various clean energy technologies.

Question 2

How has China’s control over REM exports raised geopolitical concerns?

Answer 2

Beijing may seek to withhold these critical raw materials due to political tensions.

China’s dominance in the REM market creates risks for countries dependent on these materials.

Question 3

What challenges do nations face in establishing alternative REM supply chains?

Answer 3

Hazardous nature of REMs, processing and geopolitical complexities.

Question 4

What factors contribute to China’s dominance in the REM supply chain?

Answer 4

Global demand for REMs are expected to rise with green revolution.

Question 5

What steps have Japan, the EU and the U.S taken to diversify their REM supply chains?

Answer 5

Explore alternative supply chains and shifting reliance to Australia.

These efforts aim to reduce dependency on Chinese REMs