Know What's Happening in Global Economy

The Mineral Imperative: How and Why China Became a Metals and Minerals Superpower

The episode traces how China transformed from a post‑1949 poverty-stricken nation into the world’s dominant metals and minerals superpower through a deliberate, century‑long strategy that placed mining, processing, and heavy industry at the core of national sovereignty. It outlines three phases: Mao’s state‑led build‑out of a basic mining and steel skeleton; Deng’s market‑oriented expansion that layered private and foreign capital onto that foundation while institutionalising resource licensing; and Xi’s push for value‑chain sovereignty, dual circulation, and Belt‑and‑Road corridors that secure raw material flows and embed Chinese standards globally. The host highlights the role of infant‑industry protection, massive human‑capital development, and strategic consolidation—especially in rare‑earths—showing how these policies turned China’s raw‑material sector into a geopolitical lever.