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The Critical-Minerals Scramble

Western governments will keep striking state-backed deals to secure critical-mineral supply outside Chinese control, drawing resource-rich states into a contest that reshapes both trade routes and geopolitical alignment.

forming · confidence 40 · Emerging (watchlist) · tracking since June 28, 2026 · updated June 28, 2026

Why the conviction moved

  • Jun 28
    Strengthened +6

    Kazakhstan opened one of the world's largest untapped tungsten reserves to US-linked investors, a state-backed deal to secure a strategic metal outside Chinese control.

Source trail

  • Supporting · June 28, 2026

    Kazakhstan Courts Washington With Tungsten Deal, Calling Trump 'Sent by Heaven'

    Kazakhstan opened one of the world's largest untapped tungsten reserves to US-linked investors, a state-backed deal to secure a strategic metal outside Chinese control.

    The New York Times

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