Geopolitics, strategic metals and development of the critical metals agenda Flashcards
Give some examples of countries and the different raw materials they provide
Norway- 30% silicon metal
Indonesia- 31% natural rubber
Dominican Republic- 68% cobalt
What are 3 reasons why minerals are politically significant?
Minerals constitute the base of an advanced economy
Mineral wealth is inequally distributed among countries
Minerals figure in attempts by states to utililise techniques of economic statecraft i.e. sanctions
What countries host the main iron ores?
Russia
Australia
China
India
Brazil
What countries produce the most steel?
China
Japan
US
What countries have the largest iron ore reserves?
China
Ukraine
Russia
Australia
When and who imposed the first economic sanctions against Iraq?
UN security council
1990
When and who imposed the second economic sanctions against Iraq?
After Gulf war
US
After forcing UN to lift theirs
What did the US gain from imposing sanctions on Iraq?
Occupation authority control over Iraq’s oil
What was the impact of sanctions on Iraq?
Humanitarian impact
Oil for food programme
Iraq does not export as much oil
What is the greatest business risk in mining?
Resource nationalism
What is resource nationalism?
Anti-competitive behaviour designed to restrict the international supply of a natural resource
What are stategic mi
What are strategic minerals and why does the US import them?
Minerals that would be needed to supply the military,industrial and civilian needs for the US during a national emergency
Not found or produced in the USA in sufficient quantities to meet such a need
What does the US 100% rely on to import?
Arsenic
Graphite
Quartz cystal
The ______ __________ of minerals causes the problems, not the actual reserves
Inequitable distribution
