The demand for rare-earth metals (REMs) is increasing due to the rise of green energy around the world. These metals are important for clean energy technology. There are 17 elements that make up REMs, and many countries are competing to get their hands on them. Despite the name, REMs are not as rare as they seem, but they are essential for modern technology. They are used in a wide variety of products, from electric vehicles to smartphones and wind turbines. The International Energy Agency predicts that the demand for these minerals will continue to grow as the world shifts towards renewable energy. China is a major player in the market, controlling the extraction and processing of REMs. China is also interested in acquiring REMs from the South China Sea to maintain its dominance. The competition for access to these minerals has the potential to lead to conflicts, especially between China and the United States. Other countries in Southeast Asia are also vying for control over these resources. Additionally, the Pacific Ocean is another area where countries are exploring for minerals, further complicating the geopolitical landscape.
>Source link>
>>Join our Facebook Group be part of community. <<