By Aran Ali
The U.S. is most dependent on China where they are net import reliant on 19-23 different commodities, followed by Canada with 13-18. In addition, the U.S. is 100% import reliant on manganese and graphite, and 76% import reliant on cobalt.
As these materials become increasingly important for AI, robotics, drone technology, as well as for climate infrastructure like solar panels and wind turbines, nations will desire to bolster their own supply chains and be less reliant on other countries. This may also accelerate due to the pandemic highlighting the fragility behind global supply chains.
Overall, this creates an environment where the market for disruptive materials will see extended periods of high demand and rising prices, otherwise known as a demand supercycle.