The race for critical minerals is expected to intensify in 2025, with European and North American nations aiming to reduce reliance on Chinese supply chains. As demand for ‘net zero’ minerals rises significantly, countries rich in resources are grappling with socio-environmental implications of mining. Notably, the Democratic Republic of Congo, Chile, Brazil, and the Philippines face substantial challenges amid this green rush, requiring robust protections for local communities and ecosystems.
The global competition for critical minerals essential for renewable technologies is projected to intensify in 2025 as countries in Europe and North America strive to diminish their dependence on China. As the demand for these ‘net zero’ minerals is anticipated to nearly triple by 2030, mining activities in resource-rich nations such as the Democratic Republic of Congo, Chile, and the Philippines are accelerating. However, this surge raises significant environmental and social concerns for local populations due to increasing resource extraction pressures.
The demand for minerals necessary for renewable energy sources, particularly lithium, cobalt, and nickel, is escalating. The International Energy Agency estimates that the demand for these crucial resources will nearly triple by the year 2030, galvanizing mining operations in mineral-rich countries. However, challenges arise as these nations confront the impacts of resource extraction on their communities and environments, leading to calls for equitable mining practices and safeguards against exploitation.
The upcoming years will witness a heightened focus on securing access to vital minerals, particularly in regions with abundant resources like the Democratic Republic of Congo, Chile, Brazil, and the Philippines. This escalating competition is overshadowed by significant sociopolitical challenges, including armed conflicts, environmental degradation, and the struggle for Indigenous rights. As nations move towards sustainable energy goals, addressing these complex issues will be imperative to ensure equitable outcomes for all stakeholders involved.
Original Source: www.context.news
