Description
A key obstacle to the development of predictable supply chains is the lack of well-functioning financial markets which could allow private sector actors to hedge their exposure and plan their supply chain needs. Individually and collectively, many governments are increasingly considering guaranteed prices for select critical minerals, proposing government stockpiles for raw and processed metals and using new tools to encourage investment. The urgency that the US government ascribes to this sector is prompting significant changes to government’s role in markets and supply chains. This paper assesses how the use of these tools, their externalities, and how policy divergence may reshape regime governance.
