{"id":219276,"date":"2025-01-13T02:23:51","date_gmt":"2025-01-13T00:23:51","guid":{"rendered":"https:\/\/www.arabtelegraph.com\/?p=219276"},"modified":"2025-01-13T02:23:51","modified_gmt":"2025-01-13T00:23:51","slug":"mineral-wars-global-conflicts-fueled-by-competition-for-rare-resources","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=219276","title":{"rendered":"Mineral Wars: Global Conflicts Fueled by Competition for Rare Resources"},"content":{"rendered":"
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The coming years are set to exacerbate the global geoeconomic competition for the world\u2019s mineral resources, with President Trump openly eyeing 12 million sq km of territory containing untold riches. Here are the conflicts, present and potentially future, to watch out for.<\/div>\n
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Ukraine<\/h3>\n<\/div>\n
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The US \u201ccannot afford\u201d to let Moscow achieve victory in Ukraine, which is \u201csitting on $10-12 trillion of critical minerals,\u201d Senator Lindsey Graham\u00a0said\u00a0in a \u2018quiet part out loud\u2019 interview moment last year, revealing what NATO\u2019s proxy war against Russia is really about.<\/div>\n<\/div>\n
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Ukraine is endowed with $3-11.5 trillion in lithium alone, plus trillions more in silver, gold, uranium, aluminum, copper, iron, manganese, titanium, and hydrocarbons. It\u2019s also got Europe\u2019s biggest supply of rare earths, beryllium, niobium, and zirconium.<\/div>\n
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Bolivia<\/h3>\n<\/div>\n
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Marking its 200th birthday this year, Bolivia has faced 190+ coups and revolutions over its history. It\u2019s little wonder, given its vast resource wealth, from gold and silver to tungsten, zinc, led, tin and nickel.<\/div>\n<\/div>\n
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\u201cWe will coup whoever we want! Deal with it,\u201d Elon Musk tweeted in 2020 in response to news that the US had organized yet another coup in Bolivia. Bolivia has 23 million tons of lithium. It also has scandium and yttrium,\u00a0two of the most sought-after\u00a0rare earths for industrial and military use.<\/div>\n<\/div>\n
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Venezuela<\/h3>\n<\/div>\n
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\u201cIt will make a big difference to the United States economically if we could have American oil companies really invest in and produce the oil capabilities in Venezuela,\u201d former Trump advisor John Bolton said in 2019 amid Washington\u2019s attempts to oust President Maduro.<\/div>\n<\/div>\n
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It certainly would. Sitting on top of up to 300 billion barrels of proven oil reserves \u2013 the biggest anywhere, Venezuela is an energy powerhouse. It\u2019s also a minerals giant, with eyewatering reserves of gold, uranium, iron ores and the precious mineral coltan – labeled\u00a0“blue gold”\u00a0by late Venezuelan President Hugo Chavez in 2009, and used in a broad array of electronics.<\/div>\n<\/div>\n
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No wonder the US has labeled Venezuela and its $14 trillion resource pile as an \u201cunusual and extraordinary threat.\u201d<\/div>\n<\/div>\n
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\"FILE<\/a><\/p>\n
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Iran<\/h3>\n<\/div>\n
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Another country classified by the US as an \u201cunusual and extraordinary threat,\u201d Iran is home to an estimated $27 trillion in resource wealth. No wonder it\u2019s been a regular target for regime change since the Islamic Revolution of 1979.<\/div>\n<\/div>\n
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While proven resource reserves consist mostly of oil and gas, Iran regularly discovers vast stocks of minerals. In 2023, Tehran\u00a0discovered\u00a0a massive, 8.5 million-ton lithium deposit. In 2022, the Iranian Mines and Mining Industries Development and Renovation Organization\u00a0reported\u00a0that some $28.7 billion in mineral resources, from iron ore, lead and bauxite to antimony had been discovered since 2013 alone.<\/div>\n<\/div>\n
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Canada<\/h3>\n<\/div>\n
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\u201cThe joke is over,\u201d Canadian Finance Minister Dominic LeBlanc\u00a0said\u00a0in response to Donald Trump\u2019s string of comments about Canada becoming the \u201851st state.\u2019 \u201cIt\u2019s a way for him to sow confusion, to agitate people, to create chaos knowing this will never happen.\u201d<\/div>\n<\/div>\n
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Endowed with\u00a0$33 trillion\u00a0in resources, from oil, gas and uranium, to phosphates, cadmium, lead, titanium, zinc, and an array of ferroalloys,\u00a0a sprinkling of rare earths mines\u00a0dot the True North Strong and Free, mining cerium, neodymium, and promethium.<\/div>\n<\/div>\n
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Who knows if Trump\u2019s really joking?<\/div>\n
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Greenland<\/h3>\n<\/div>\n
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\u201cGreenland is for the Greenlandic people. We do not want to be Danish, we do not want to be American\u2026We have a desire for independence, a desire to be the master of our own house,\u201d PM Mute Egede\u00a0told<\/a>\u00a0reporters Friday amid Trump\u2019s inquiries about buying the island.<\/div>\n<\/div>\n
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Greenland is sitting on mineral wealth the scale of which has not been fully explored, from precious metals and stones to graphite, uranium, and of course rare earths \u2013 at least 1.5 million tons of them, including yttrium, scandium, neodynmium and dysprosium.<\/div>\n<\/div>\n
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Even if Trump\u2019s dreams don\u2019t come true,\u00a0a quiet battle\u00a0\u2013 confined to boardrooms (for now), is already raging amid US efforts to block a series of Chinese investments in Greenland\u2019s mineral resources.<\/div>\n<\/div>\n
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\"In<\/a><\/p>\n
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Africa<\/h3>\n<\/div>\n
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Wracked by a post-colonial\u00a0legacy\u00a0of instability and violence, the African continent also happens to be home to some of the world\u2019s largest untapped mineral reserves. Recent years have shown that with great wealth come great risks as global power centers vie for control.<\/div>\n<\/div>\n
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The Democratic Republic of Congo, for example, has the world\u2019s largest cobalt reserves (6 million tons). It\u2019s also faced repeated coup attempts,\u00a0most recently in 2024, when a US and Belgium-backed politician unilaterally declared himself president. Besides cobalt, the DRC is rich in monazite, euxenite, niobium, tantalum and zirconium.<\/div>\n<\/div>\n
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Guinea, also suffering its share of coups (1984, 2008, 2021) happens to be the\u00a0world\u2019s second-largest producer of bauxite\u00a0– used to produce the strategic metal aluminum. It also has\u00a0among the largest untapped high-grade iron ore deposits in the world, plus gold and diamonds.<\/div>\n<\/div>\n
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Zimbabwe, which saw a\u00a0coup\u00a0against long-time Western-reviled president Robert Mugabe in 2017, has Africa\u2019s largest lithium reserves (11 million tons). Local economists\u00a0believe\u00a0that with more exploration, their country can come to rival China\u2019s rare earths superpower status.<\/div>\n<\/div>\n
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Kenya, whose president got a red carpet welcome in Washington last May, is also (unsurprisingly) a key rising rare earths giant, with deposits discovered at the\u00a0Mrima Hill mine alone\u00a0estimated to be worth some\u00a0$62.4 billion. Besides rare earths, Kenya is rich in iron ore, gold, limestone, gemstones and manganese ore.<\/div>\n<\/div>\n
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No wonder the US has labeled the country a \u201cmajor non-NATO ally\u201d \u2013\u00a0the only one\u00a0in Sub-Saharan Africa.<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The coming years are set to exacerbate the global geoeconomic competition for the world\u2019s mineral resources, with President Trump openly eyeing 12 million sq km of territory containing untold riches. Here are the conflicts, present and potentially future, to watch out for. Ukraine The US \u201ccannot afford\u201d to let Moscow achieve victory in Ukraine, which …<\/p>\n","protected":false},"author":6,"featured_media":219277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[266],"tags":[],"class_list":["post-219276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nMineral Wars: Global Conflicts Fueled by Competition for Rare Resources - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=219276\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mineral Wars: Global Conflicts Fueled by Competition for Rare Resources - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"The coming years are set to exacerbate the global geoeconomic competition for the world\u2019s mineral resources, with President Trump openly eyeing 12 million sq km of territory containing untold riches. 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