Gaps between supply and demand for critical metals appear to be narrower than previous forecasts, but limp commodity prices mean investment in production is still lagging, research by McKinsey finds. The consulting giant has long warned that demand for metals crucial to the energy transition, including lithium, nickel and copper, is likely to far outstrip…| Global Trade Review (GTR)
The US export credit agency says a newly launched financing mechanism for critical mineral imports will tackle “market manipulation” by China by bolstering domestic firms’ supply chains. The Supply Chain Resiliency Initiative was unveiled by the Export-Import Bank of the United States (US Exim) on January 8 as a “bold new financing tool” available to…| Global Trade Review (GTR)
China’s grip on critical mineral supply chains is tightening. Decades of state-backed investment has given the country huge influence over the global market, from refined battery metals to unprocessed rare earths. But as geopolitical tensions escalate, western governments are seeking out innovative financial instruments to secure longer-term supply – and export finance is front and…| Global Trade Review (GTR)
Soaring long-term demand for copper will require as much as US$250bn in investment over the next five years, UN research says, yet analysts warn the mining sector is bracing for a tariff-induced recession. Global demand for copper is expected to rise 40% by 2040, driven by digital expansion and clean energy, UN Trade & Development…| Global Trade Review (GTR)
Western nations have agreed to collaborate on expanding export credit agency (ECA) backing and development finance for critical minerals, following concerns over lagging investment in long-term supply and over-reliance on China. The Minerals Security Partnership, a coalition of 14 countries including all G7 states, Australia, India and South Korea as well as the European Union, ...| Global Trade Review (GTR)
