The valuable mineral that I have discovered on my land on a small island in the Pacific Ocean is lithium. Lithium is a key component in the production of rechargeable batteries, making it highly sought after for the booming electric vehicle (EV) industry. Additionally, lithium is used in the manufacturing of various electronic devices and renewable energy storage systems.
Two nations that would make sense to trade with are China and the United States. China is the largest producer of electric vehicles and has a rapidly growing EV market, making it a key player in the demand for lithium. The United States, on the other hand, has a strong presence in the technology and renewable energy sectors, with a growing demand for lithium to support its expanding electric vehicle industry. Both nations have the necessary infrastructure and technology to efficiently process and utilize lithium.
Trading blocs, trade agreements, and globalization would greatly facilitate and simplify the trade process with these two nations. For instance, if my country is a member of a trading bloc such as the Asia-Pacific Economic Cooperation (APEC), it would benefit from reduced trade barriers and streamlined customs procedures. Additionally, trade agreements like the World Trade Organization (WTO) agreements would ensure fair and non-discriminatory treatment in the global marketplace. The process of globalization has enabled the free flow of goods, capital, and information, making it easier than ever to connect with potential trading partners across the world through digital platforms and global supply chains.
The discovery and trade of lithium would have mixed influences on the global issues of exploitation and climate change. On one hand, it could lead to increased exploitation of the finite resources on the island, potentially causing environmental degradation and social upheaval if not managed responsibly. Extraction and processing of minerals, including lithium, often have significant carbon emissions and can contribute to climate change. On the other hand, the increased production and adoption of lithium-powered electric vehicles and renewable energy storage systems can contribute positively to addressing climate change by reducing reliance on fossil fuels. It would be crucial for me to ensure sustainable mining practices, minimize environmental impacts, and work towards a circular economy where lithium batteries are recycled and reused to mitigate negative impacts on both exploitation and climate change. By pursuing these responsible practices, the global influence of the trade can be more positive than negative.
Imagine you have discovered a deposit of a valuable mineral on land you own on a
small island in the Pacific Ocean. Describe what the mineral can be used for, and
identify two nations that would make sense to trade with and why. Then, think
critically to analyze how trading blocs, trade agreements, and globalization could
make it easy for you to trade with the two nations. Finally, write a paragraph
describing how your discovery and trade of this mineral would or would not
influence the global issues of exploitation and climate change.
1 answer