Global Mining and Critical Mineral Supply Faces Strategic Shifts
The global mining industry is undergoing significant changes as demand for critical minerals is projected to soar due to energy transition and digital technology supply chains. The World Bank estimates that by 2050, demand for certain minerals could increase by up to 500%, necessitating substantial investment in mining projects. China currently dominates the processing of critical minerals, such as lithium and cobalt, due to its integrated industrial base and competitive cost structures. This dominance poses challenges for other countries seeking to secure mineral supplies. 
