Raw material diplomacy
Raw material diplomacy refers to the diplomatic efforts and international relations strategies focused on securing access to and control over raw materials that are essential for a country’s economy or industrial production. These materials may include metals, minerals, energy resources, agricultural products, or any other basic commodities that are fundamental to the functioning of the global economy.
Countries engage in raw material diplomacy to ensure that they have a stable and reliable supply of these essential materials, which can be critical for their economic growth, national security, and technological development. This may involve negotiations, agreements, or strategic partnerships with other countries or organisations that have an abundant supply of the desired raw materials. In some cases, raw material diplomacy can also involve the use of political or economic pressure, aid, or even military intervention to secure access to these resources.