Not only gas, E_K_S and not only China.
Russia and China plotting to control the supply of energy and materials.
I think I see here a embryo of a monster!
Imagine a block that dominate energy and materials, Cold War 2.0 will be:
NATO with Weapons x BRICS with Energy and Materials
We know China control 80% of the global supply of those rare-earth minerals and that china was ready to weaponizing
Second: Russia response to the embago and sanctions is showing the world that materials matter.
Europe may have another raw material dependency on Moscow in addition to oil and gas. According to the US Geological Survey, Bolivia has the world’s largest lithium reserves – 21 million tons. The article reminds that by this indicator it is ahead of Argentina and Chile.
The author believes that Russia currently has a particularly high chance of succeeding in the lithium poker game.
https://newsunrolled.com/economy/45373.html?amp=1
While saw the last BRICS meeting as creating an embryo for a currency competing with the USD, they are, in fact, plotting to create a block to control energy and materials.
Russia already has a lot of influence on the supply of nickel, fertilizers, oil & gas and grain
China controls the market for Rare Earths and in refining of many minerals
Brazil food and mineral. South Africa minerals.
Is this the shape of things to come?
This is where the Chinese come in helping with the strategy.
the development of "BRICS Plus," the BRICS family is set to become an indispensable forum for the collective interests of developing and emerging countries.
China’s Wang said that “to strengthen the solidarity and cooperation between emerging markets and developing countries,” for the first time, officials and foreign ministers of Argentina, Egypt, Indonesia, Kazakhstan, Nigeria, the United Arab Emirates, Saudi Arabia, Senegal, and Thailand, described as BRICS Plus countries, were invited to a May virtual meeting of BRICS foreign ministers.
China with its market size and the cash to grab market from trading companies:
First, the giant multinational companies such as ADM, Bunge, Cargill and Louis Dreyfus monopolize the global grain market, accounting for more than 80 percent of the world's grain transactions.
These multinational giants buy low and sell high in the grain futures market to reap high profits. And since they have the capability and power to set grain prices, they are using all means to ensure their stocks soar this year.
This is certainly a trend to watch. |
