GEOPOLITICS | BRICS Dominance in Rare Earth Reserves Challenges Global Power Dynamics

The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, controls about 72% of the world's rare earth reserves, which are essential for technology and defense sectors. According to NS3.AI, this significant control contrasts sharply with the G7's much smaller share of these critical resources. China's prominent role in rare earth minerals provides it with substantial influence over global supply chains and trade policies, posing a challenge to the dominance of the US dollar. This development indicates a potential shift in geopolitical and economic power towards emerging economies.