UN Discusses Critical Minerals and Energy Security Amid Global Conflicts
The UN emphasizes the risks and opportunities of critical minerals in conflict-affected regions, highlighting that over 70% of global cobalt extraction occurs in the Democratic Republic of the Congo. Other countries like Myanmar and Ukraine are significant sources of rare earth elements and titanium, respectively. The UN calls for improved governance, traceability, and regional cooperation to manage resources equitably. The need for reliable energy is stressed, alongside the importance of open markets to maintain global economic stability and reduce conflict risks.
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The UN addresses the implications of critical minerals in conflict-affected states, noting that over 70% of cobalt extraction is in the Democratic Republic of the Congo. Myanmar is a major source of rare earth elements, while Ukraine has significant reserves of titanium and lithium.
The UN advocates for just resource extraction outcomes and collaboration with national authorities to enhance regulatory frameworks. It calls for multilateral action to improve governance and traceability of minerals, aiming to mitigate natural resource disputes. The need for affordable and reliable energy is emphasized, along with the importance of open markets to reduce conflict risks and ensure economic stability.
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