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The New Era of Mining | Contrary

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A new era of mining is upon us. The global push toward electrification is changing more than just the cars we drive and the way our electric grids are configured. It is re-orienting the global economy around a new set of commodities critical to building the electric storage and essential components that will drive the electric economy. Those commodities, also known as critical minerals, will be to the twenty-first century what fossil fuels were to the twentieth: a resource that plays a major role in global trade and geopolitics. This is why commentators like Teddy Feldman, a writer who covers contemporary mining, are calling critical minerals the “new oil”. If minerals are the new oil, then their production will become an increasing economic and geopolitical priority. However, the US is not producing nearly enough of them to meet the lofty electrification goals it has committed to, and has become reliant on foreign countries like China to supply the gap. In 2023, the United States was

A new era of mining is upon us. The global push toward electrification is changing more than just the cars we drive and the way our electric grids are configured. It is re-orienting the global economy around a new set of commodities critical to building the electric storage and essential components that will drive the electric economy. Those commodities, also known as critical minerals, will be to the twenty-first century what fossil fuels were to the twentieth: a resource that plays a major role in global trade and geopolitics. This is why commentators like Teddy Feldman, a writer who covers

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