China-Dominated Minerals Follow the Same Price Cycle as Other Commodities

Average monthly price of each commodity group, indexed to January 2020 = 100. China-dominated minerals are critical minerals for which China accounts for more than 50 percent of global mining or refining; lithium is excluded.

Adapted from David Kemp, “Assessing the Real China Critical-Minerals Threat,” C3 Solutions, October 2026.