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As the US and Europe rush to secure supplies to underpin their push into green technology, China has control over so many key elements, from lithium and cobalt used in batteries for electric vehicles to rare earth metals needed for high-strength magnets in wind turbines. Vital dominates the market for a range of so-called minor metals that feature majorly in lists of critical minerals published by the US, European Union, UK and Australia.
As the US and Europe rush to secure supplies to underpin their push into green technology, China has control over so many key elements, from lithium and cobalt used in batteries for electric vehicles to rare earth metals needed for high-strength magnets in wind turbines. Vital dominates the market for a range of so-called minor metals that feature majorly in lists of critical minerals published by the US, European Union, UK and Australia.
Source :
https://economictimes.indiatimes.com/small-biz/trade/exports/insights/a-little-known-chinese-firm-rules-over-the-metals-needed-for-green-tech/articleshow/102124376.cms?from=mdr