Critical minerals are replacing fossil fuels as the new key resource shaping global power and geopolitics, leading to a fierce struggle for control. The G7, led by the United States, is actively forming an alliance to dismantle China’s overwhelming monopoly on critical mineral processing and refining. This initiative, formalized at the G7 Summit in Evian, aims to reduce dependency on a "single supplier" outside the G7 to below 60% by 2030, backed by 195 projects totaling €64 billion.
The West is deploying protectionism, state subsidies, and stringent environmental, social, and governance (ESG) standards as trade barriers to lock China out. Turkey, possessing significant Rare Earth Element, boron, chromium, trona, and feldspar reserves, faces a strategic choice. It can integrate with the G7's high-tech supply chains, requiring strict ESG compliance, or rely on China for advanced refining technologies, risking new dependency and Western sanctions. Turkey's success hinges on shifting from raw material exports to establishing integrated domestic high-tech processing facilities.
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