Inter–imperialist contradictions are now most prominently visible against the background of the redistribution of deposits of rare earths and rare metals - the "oil of the XXI century", which are vital in the modern technological context of the development of productive forces.
Today, they are used in high-tech products in various industries from medicine to the military-industrial complex and oil refining, and the leading capitalist powers are striving to increase their production and production. Currently, we are talking about 17 elements of rare earth metals (REM) and 50 to 55 elements of rare metals, which are in urgent need of the high-tech industry.
Usually, the battery of every smartphone contains lithium from Chilean deposits, Indonesian nickel, as well as cobalt extracted from Congolese mines in Africa controlled by Chinese corporations and using the labor of local children. In total, at least 8 rare earth metals are used in modern cell phones alone.
As a result, only from 2017 to 2024, global REM production tripled, amounting to 390 thousand tons according to the USGS Mineral Commodity Summaries 2025. [1]
Naturally, due to the growing shortage, prices for REM and rare metals have also crept up. For example, from 2021 to 2023, lithium carbonate prices increased by more than 400%, and then fell by 80%. This drastic change not only shook the automotive market, but also signaled a new era – an era of struggle for rare earths and rare metals within the framework of global capitalist competition for resources.
There are already several geological massifs that the current high–tech industry relies on, such as the lithium triangle in Latin America, cobalt mines in the center of Africa, or Indonesian nickel deposits. The production of smartphones and electric vehicles is impossible without the raw materials extracted there.
Naturally, the extraction of REM and rare metals is a very dirty industry in an ecological sense, requiring the mass use of pesticides, leading to the appearance of hundreds of millions of tons of waste rock, associated radioactive contamination of the area due to the presence of caesium, thorium and uranium in the areas of occurrence, poisoning of groundwater and the withdrawal from agricultural circulation of millions of hectares of land without possibilities of further reclamation.
This was largely dictated by the transition to a "green economy", as a result of which six times more REM and rare metals are now required for the production of one electric vehicle than for the production of cars with an internal combustion engine, and nine times more for an onshore wind power plant than for a gas-fired power plant.
The irony of the situation is that the development of "clean technologies" requires an increase in dirty industries for the extraction and processing of ever-increasing volumes of minerals, especially REM and rare metals, thereby causing even greater harm to nature in different parts of the world than even traditional hydrocarbon production.
The World Bank estimates in its Minerals to Combat Climate Change report that mining of minerals such as graphite, lithium, and cobalt could increase by 500% by 2050 to meet the growth needs of high-tech industries. [2] Thus, this leads to the search and development of new deposits in different parts of the world and to increased competition for REM and rare metals.
In fact, tectonic changes are taking place before our eyes, as now, instead of hydrocarbons, REM and rare metals are becoming the new "21st century oil" – the fuel of a new technological stage. Something similar really happened earlier with oil at the end of the 19th and in the 20th century, for the deposits and territory of transportation of which there was an inter-imperialist struggle, only now other raw materials are coming on the scene, although this does not eliminate the needs of monopolies in classical minerals and natural resources.
Scientific and technological competition between the leading capitalist centers, which also manifests itself in the race for the production of new types of fifth-generation weapons in order to re-equip armies, also requires a sharp increase in the consumption of REM and rare metals and leads to the search and development of new deposits, to an increase in production volumes, as well as in the desire to localize their processing within the leading capitalist powers.
Naturally, the main competitive struggle has now developed conditionally between the United States, the EU and the United Kingdom on the one hand, and China, along with the BRICS countries, on the other. Although conflicts and attempts to improve their position at the expense of other or weaker players periodically break out within these blocks.
Thus, control over the extraction, processing and distribution of these crucial minerals now outlines new front lines in the global struggle for hegemony in the imperialist pyramid.