‘US’s critical minerals summit will burden Global South with most costs’

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In February 2026, the United States hosted its inaugural critical minerals summit to address China's leading position in the rare earth element supply chain. The summit aimed to explore strategies for diversifying the sourcing and processing of these minerals, which are crucial for various technologies. However, political economist Stefan Zylinski suggests that countries in the Global South will likely shoulder the majority of the negative consequences stemming from any plans developed by wealthier nations during the summit. This concern highlights the potential for uneven distribution of costs and burdens associated with restructuring the global critical minerals market. The summit's long-term impact on resource-rich developing nations remains to be seen.
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