BigPicture
ENERGY
How our green energy relies on China
WHAT?
China has abundant natural resources, including the rare earth minerals required for clean energy technology — to the point that China is the leading global supplier for the vast majority.
HOW?
A combination of abundant access to rare earth element deposits and relatively low labour costs has allowed China to take a dominant position in the supply chain of the building blocks for clean technologies.
SO?
The rise of China’s clean tech companies and their dominant market share poses a competitive threat to western manufacturing industries, including car manufacturers and energy giants.
90%
China produces 90% of the world’s rare earth minerals, crucial for clean energy
200%
China will produce double the number of batteries it needs in 2024
35/54
China is crucial to at least one stage of the supply chain for 35/54 minerals
