Strategic Minerals

Of uses, world output, stock-piles, procurement.

This important study examines the role of Africa's strategic mineral resources in global defense and in the international economic system. Beginning with an overview of the situation as a whole, the author discusses the role of transnational corporations in the exploitation of Africa's mineral resources and explains the implications of the theories of Matthew Effect, dependency, core-periphery, and imperialism. Among the issues Ogunbadejo considers are the political economy of strategic minerals; the political significance of American, European, and Soviet dependence on these minerals vis-a-vis their relations with the producer nations; and the impact of geopolitical considerations on U.S./South African relations.

Strategic minerals are a major element of resource geopolitics. The US has always provided the umbrella for the West and is now the global policeman on strategic mineral supply. As the global economic system has developed it has become increasingly clear that the geopolitical balance in global mineral supply is focused on the countries of the former Soviet Union, China and South Africa. The entire import list of US non-fuel minerals is examined in the context of import dependence, the criticality of end-use and the vulnerability of sources. This analysis builds up a complete picture of the varying levels of vulnerability for each mineral, allowing lists of both key and marginal strategic minerals to be compiled. The major sources of these minerals and their relative potential problems of supply are considered. These problems range from geopolitical concerns to the monopolistic agency of multinationals and cartels to the mechanistics of sea-line communications. The book concludes with an assessment of present and future scenarios based on shifting geopolitical influence at the global level, outlining countermeasures, both actual and potential.