The world mining map is being redrawn to the tune of geopolitics: These are the handful of companies that dominate it

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The sustainable and electric future lies in the grasp of a handful of companies. A small group of multinationals controls a large part of the production of critical minerals that are fueling the energy transition. Around 20 companies dominate this strategic and booming sector. This select club includes giants such as the British-Australian BHP and Rio Tinto, Brazilian Vale, Swiss Glencore, U.S. companies Albemarle and Freeport-McMoRan, the U.K.’s Anglo American, and Chile’s Codelco. Other Chinese firms include Zhejiang Huayou, Tianqi Lithium, China Northern Rare Earth, and CMOC, which are fighting back, redefining the global raw materials supply chain.

The top five lithium firms control 80% of global production, according to a report by the French Central Bank called “Capital in the 21st Century: Who Owns the Capital of Companies Producing Critical Raw Materials?” The figures are roughly similar for other critical products such as copper, where five corporations also hold almost a third of the global market share.

Source: Wikipedia