If I had to guess it’s because GDP growth in industrialized countries are driven by financialization facilitated by cheap power and energy, and the countries that are more financialized don’t exactly want the countries with precious minerals to be industrialized enough to be self sufficient.
That’s why a lot of global south countries with valuable materials (oil, data center building blocks, etc) are often chronically destabilized, but not so much so that it’s impossible to find someone to buy unrefined materials from.
That’s why a lot of global south countries with valuable materials (oil, data center building blocks, etc) are often chronically destabilized, but not so much so that it’s impossible to find someone to buy unrefined materials from.