World’s Tech Runs on Rare Earths, and Brics-SCO Owns the Supply Chain

From electric cars and clean energy to the smartphone in your hand, the control over technologies that shape the future seems to be transitioning from Silicon Valley to Beijing, New Delhi, and Moscow. Brics and SCO nations hold a significant position in the raw materials needed for the tech industry. China, in particular, stands out with its control over 70% of rare earth mining, 90% of processing, and 93% of magnet manufacturing. The concentration of these resources in the hands of a few countries raises concerns over potential monopolies and geopolitical power struggles. As the demand for rare earths continues to grow, these nations have a strategic advantage in the global tech supply chain. The reliance on rare earth elements extends beyond consumer electronics to crucial sectors such as defense, renewable energy, and telecommunications. The issue of rare earth supply has become a focal point in discussions surrounding national security and economic competitiveness. Governments are increasingly looking to secure their access to these critical resources amidst growing tensions and uncertainties in the global market. The potential for disruptions in the rare earth supply chain poses a risk to industries worldwide, highlighting the need for diversification and sustainable practices in resource management.