BRICS Plus: Reshaping Global Mineral and Energy Markets

The expanded BRICS alliance has emerged as a powerhouse in global mineral and energy markets, controlling 42% of global oil and gas reserves and a commanding 72% of rare earth metal reserves. This strategic position, coupled with the bloc's collaborative approach to mineral development, signals a significant shift in global resource dynamics.

The alliance's strength lies in its complementary capabilities. China's dominance in rare earth processing, South Africa's sophisticated mining infrastructure, and Russia's vast energy resources create a robust framework for intra-bloc trade. This cooperation extends beyond mere resource sharing – it's transforming how critical minerals are processed and traded.

Looking ahead, BRICS Plus is positioning itself as more than just a resource alliance – the bloc is set to redefine global mineral and energy markets while promoting sustainable development practices.

(https://www.mining.com/charts-the-coming-critical-minerals-trade-war-is-brics-short-of-a-load/)