US Critical Minerals Summit Will Increase Costs for Global South

The United States has hosted its inaugural critical minerals summit to address China’s dominance in the rare earth elements supply chain. Political economist Stefan Zylinski cautions that any strategies developed by the Global North may disproportionately impact Global South countries, potentially incurring significant costs for them. This summit emphasizes the urgent need for alternative sources of critical minerals in the global market. The implications of these developments could reshape international economic dynamics.