https://www.resources.org/common-resources/critical-minerals-insights-from-a-recent-workshop/
SGS data show that China currently has a significant market share in extracting and a dominant share in processing the critical minerals that are used in EV batteries. Workshop participants agreed that this market concentration poses risks to the ability of the United States to secure affordable and reliable critical mineral supplies for expanded battery production. For example, China recently withheld graphite exports to Sweden, and workshop participants suggested that this sanction was a geopolitical strategic response to Sweden’s decision to join the North Atlantic Treaty Organization. Officials in China have threatened to withhold or ban exports of rare earth elements to the United States in retaliation against sanctions; China took a similar action in 2010 in response to a territorial dispute with Japan, which caused prices to increase steeply.
In addition, by working to improve environmental and labor outcomes from critical mineral mining and processing in friendly nations (e.g., through the Minerals Security Partnership), and increasing the number of countries with which it has free trade agreements, the United States can promote lower-cost, more secure, and environmentally and socially friendly supply chains for the critical minerals that are used in EV batteries.
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