Lets look at what this materials move means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper substitutes and alternative sources. It means prices will go up, it means some products might be less effective and some production right be delayed. So this sort of poses a bit of an existential thread for western industry, its the gradual erosion of capability. But in a broader sense this threatened the overall narrative of globalisation, the idea that International Markets will be able to deliver what you need, when you need it at the price that you need. Derisking is what western g
What this materials more means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper substitutes and alternative sources. It means prices will go up, it means some products might be less effective and some production right be delayed. 50 some production right be delayed some production right be dela ed. , delayed. So this sort of poses a bit of an delayed. So this sort of poses a bit of an existential delayed. So this sort of poses a bit of an existential thread i a bit of an existential thread for western industry. Finding a place for western industry. Finding a place for for west
at the price that you need. de risking is what western governors like to call it, being less reliant on china, but this escalating tit for tat between the world s superpowers, that has got people worried about the weaponising of materials that you hold, the technologies that you have. a lot of people that think that would have global consequences also for the health of the planet and that is because a lot of crucial green technologies rely on these so called critical materials. this is not a national problem, this is a human race problem, and so hopefully policymakers can come to the table, secure access to the critical materials that are really essential for the energy transition, so we can start to tackle some of the challenges around decarbonisation. earlier, i spoke with anna ashton of political risk consultancy firm eurasia group, who explained the impact of
threatened the overall narrative of globalisation, the idea that international markets will be able to deliver what you need, when you need it at the price that you need. derisking is what western governors like to call it, being less plan on china, but this escalating tit for tat between the world s superpowers, that has got people worried about the weaponising of materials that you hold, the technologies that you have. a lot of people that think that would have global consequences also for the help of the planet and that is because a lot of crucial green technologies rely on these so called critical materials. this is not a national problem, this is a human race problem, and hopefully policymakers can come to the table, secure access to the critical materials that are really essential for the energy transition, so we can start to tackle
globalisation, the idea that international markets will be able to deliver what you need when you need it at the price that you need. derisking is what western governors like to call it, being less plan on china, but this escalating to for tap between the world s superpowers, that has got people worried about the weapon eyes and a materials that you hold, the technologies that you have. a lot of people that think that is would have global consequences also for the help of the planet and that is because a lot of crucial green technologies rely on these so called critical materials weaponizing materials. this so-called critical materials weaponizing materials. this is not a national weaponizing materials. this is not a national problem, - weaponizing materials. this is not a national problem, this i weaponizing materials. this isi not a national problem, this is a human not a national problem, this is a human race problem, and hopefully policymakers can come to the hopefully po