Physical reserves of a critical mineral can remain exactly where they always were, and its cost and availability can still change overnight. According to Navigating Supply Chain Challenges by Dr. Uppiliappan Gopalan, this is the quiet power of resource nationalism.
When Governments Seek a Greater Share of the Value
Resource nationalism appears when governments seek greater domestic benefit from minerals, energy or strategically important inputs. Export conditions, local processing requirements and state participation can change material availability and cost even while physical reserves remain in place.
Why This Matters Beyond Mining Companies
For any organisation sourcing lithium, cobalt, nickel or other strategically important materials, understanding the policy environment around a resource has become just as important as understanding its physical supply, a shift Dr. Gopalan argues too many procurement teams have been slow to make.
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