The new geopolitics of mining
OXFORD — Two tumultuous elections have captured headlines this week. In Brazil, incumbent President Luiz Inácio Lula da Silva defeated his far-right challenger Flávio Bolsonaro. And in Serbia, the student-led opposition ousted Aleksandar Vučić after 14 years in power. But the challenge for these new governments is just beginning. Whether they like it or not, both will be swept up in the global…
In a world increasingly reliant on technology and renewable energy, the demand for critical minerals and metals is surging. Two recent elections in Brazil and Serbia, while significant in their own right, have set the stage for a new geopolitical landscape in the mining industry. Brazil, the second-largest global reserve of rare earths, and Serbia, with valuable reserves of coal, lithium, copper, and gold, find themselves at the center of this global scramble.
However, current global supplies and mining plans fall short of meeting the rising demand. This creates a complex situation for these newly elected governments, who must navigate not just domestic challenges, but also their role in the international race for these essential resources.
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- The new geopolitics of mining koreatimes.co.kr
