Take a step back and consider the impact of the shifting geopolitical landscape on the global economy. Yet, geopolitics is not the only factor, think about the important role Commodities play in this global economy. In the second half of this video, I'm going to share with you an incredible opportunity from today's sponsor, Alaska Energy Medals, so make sure you stick around for that!
As the world is shifting from unipolar to multipolar, questions are emerging regarding how the new global order is going to manage the competition over access to raw materialshich are BTW far more valuable than they have been in a long time. Countries are already working on reorganizing their alliances; economic blocs and recruiting more countries, especially the ones with an abundance of raw materials and rare-earth minerals. And look no further to how, China, for example, increased its economic presence in Africa and Middle East to ensure access to energy and raw materials. Like I said, countries around the world are reorganizing. For example, Chile announced plans to nationalize its lithium industry.
They are a major source of revenue for many countries and are traded on commodity exchanges around the world. Commodities are also used as a hedging tool by investors to not only protect against inflation and other economic risks, but also keep up with the changing global economic order.
As clean energy technology becomes the latest frontier for geoeconomics rivalry, the security of supply chains for rare earths and critical minerals—essential materials for clean energy—has become a global strategic issue.
Over 300K products in the consumer, industrial, military, transport, aerospace, marine and architectural sectors use nickel. As a result, nickel has become an essential commodity in world markets.
According to a World Bank study, the demand for component minerals for electric storage batteries—such as aluminum, cobalt, lithium, manganese, and nickel—could rise by more than 450% by 2050 if clean energy technology is deployed.
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