24
Mar
Critical minerals are naturally occurring elements and compounds that modern economies depend on for manufacturing, energy transition, and defense, but that face concentrated or fragile supply chains. Governments and analysts typically assess criticality by weighing two dimensions: the mineral’s economic importance for key technologies and the risk that supply will be disrupted. That combination — high demand and high vulnerability — is what makes a mineral “critical.”Why they matter nowAs the world accelerates toward electrification, renewable power, digital networks and sophisticated defense technologies, the need for specific minerals has surged. Lithium, cobalt, nickel and graphite form the backbone of modern…
