Europe’s Quest for Critical Raw Materials in Latin America: The Clash with China and Diversification Opportunities

Daniel Agramont-Lechín
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Daniel Agramont-Lechín: Universidad Privada Boliviana

Revista Latinoamericana de Desarrollo Economico, 2026, vol. 24, issue 45, 11-46

Abstract: This paper analyzes the evolving geopolitical dynamics surrounding critical raw materials (CRMs), with a focus on Latin America and the European Union’s (EU) attempt to secure access to these resources amid intensifying competition with China. Drawing from trade statistics, foreign investment trends, and institutional strategies, the study assesses the EU’s renewed interest in Latin America through the Global Gateway and the Win-Win Partnership frameworks. While China’s economic footprint in the region is deeply entrenched through its South-South cooperation model, the EU seeks to reposition itself as a viable partner by leveraging environmental and governance standards. The analysis identifies key minerals —particularly lithium, copper, and lead— where dependency and vulnerability are highest, and where strategic diversification is urgently needed. Ultimately, the paper argues that the EU’s success will depend on its ability to implement a more flexible and pragmatic strategy, balancing its normative approach with tangible development outcomes for Latin American partners.

Keywords: Geopolitics; Critical raw materials; EU-Latin America; Energy transition (search for similar items in EconPapers)
JEL-codes: F14 F59 O13 Q34 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:ris:revlde:022597

DOI: 10.35319/lajed.202645592

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