Template-Type: ReDIF-Article 1.0

Author-Name: Norbert Szocs
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: szocsn@mnb.hu
Author-Person: 

Title: The Increased Strategic Role of Rare-Earth Metals

Abstract: This feature article guides the reader through the process by which rare-earth metals
have become a geopolitical and economic weapon. Their strategic importance stems
from their use, as the last decade has seen the proliferation of smart devices and
the technological innovations that go with them, with rare-earth metals at their
core. Due to today's increasingly severe international trade restrictions, a country
with an abundance of rare-earth metals can start from a better bargaining position.
I discuss where the global race for rare-earth metals is heading and which countries
can benefit the most in the coming years.

Classification-JEL:
Keywords:
Pages: 123-136
Volume: 24
Issue: 3
Year: 2025
File-URL: https://hitelintezetiszemle.mnb.hu/sw/static/file/fer-24-3-fa1-szocs.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:24:y:2025:i:3:p:123-136