Critical Raw Materials: Why They Matter More Than Ever?

Critical raw materials are the backbone of modern technologies—from smartphones and satellites to electric vehicles and renewable energy systems. Yet, growing global demand is rapidly outpacing supply, leaving Europe and North America dangerously exposed. This short video explainer highlights the urgency of securing reliable access to critical raw materials, the geopolitical risks of overreliance on external processing—particularly in China—and the role of innovation in reshaping the future. 💡 Did you know... • Copper is indispensable not only to energy systems, but to nearly every aspect of digital and industrial infrastructure. • Demand for lithium, nickel, and rare earths is rising by 20% per year in Europe and North America—but supply chains remain fragile. • China controls over 70% of lithium processing and over 80% of rare earths, representing a critical chokepoint. • Without corrective action, Europe could face up to an 80% shortfall in critical materials by 2030. • AI-enabled mining, battery recycling, and sodium-ion technologies could reduce demand by up to 20%. • Recycling and scrap reuse alone could meet one-fifth of demand by 2030. • A failure to act risks widespread supply shocks—while decisive investment and strategic coordination could strengthen economies and accelerate the green transition. 📘 GLOBSEC GeoTech Center’s new report, The Innovation Imperative: Bridging the Supply-Demand Gap for Critical Raw Materials by 2030, offers a comprehensive, innovation-driven strategy—grounded in data and policy foresight—to address these vulnerabilities. Europe and North America must leapfrog technologically, invest strategically, and build resilient global partnerships. 🔗 Read the full report here: https://www.globsecusfoundation.org/publications/bridging-the-supply-demand-gap-for-critical-raw-materials-by-2030 Facebook: https://www.facebook.com/GLOBSECforum X: https://x.com/GLOBSEC LinkedIn: https://www.linkedin.com/company/10637133/admin/dashboard/ Instagram: https://www.instagram.com/globsecthinktank/ BlueSky: https://bsky.app/profile/globsec.bsky.social