This post is by Aran Ali from Visual Capitalist
The following content is sponsored by Global X ETFs
- The U.S. is 100% import dependent on manganese and graphite
- China and Canada are the two nations the U.S. is most import reliant on
America’s Import Dependency for Disruptive Materials
The U.S. is expected to see surging demand for disruptive materials, which are those deemed to have high level importance for their role in next generation technologies. But many of these disruptive materials like manganese, cobalt, and lithium are primarily imported from foreign countries.
This graphic from Global X ETFs takes a closer look at Americas reliance on net imports for these disruptive materials. Countries are ranked by how many commodities of which the U.S. is a net importer. And net importer is defined as over 50% of domestic use or consumption comes from foreign sources rather than domestic production.
Ranking Country Reliance
The U.S. imports commodities from a lot of countries, including from economic rivals. And these commodities include well known ones like nickel, zinc, and lithium, which are critical to climate-friendly technologies. However, the data reveals that there are a select number of countries where dependency is highest. Here’s a look at the top eight countries.
|Country||Number of Commodities Net Import Reliant|
The U.S. is most dependent on China where they are net import reliant on 19-23 different commodities, followed by Canada with 13-18. In addition, the U.S. (Read more...)