Imagine you discovered a deposit of valuable minerals 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 blocks trading agreements and globalization could make it easy for you to trade with these two Nations finally write a paragraph describing how your Discovery and trade of the mineral would or would not influence global issues of exploration and climate change what can your mineral be used for
The valuable mineral discovered on the small island in the Pacific Ocean is rare earth elements. These elements are crucial in the manufacturing of technology products such as smartphones, electric vehicles, and renewable energy equipment. The two nations that would make sense to trade with for rare earth elements are China and Japan. China is the largest producer of rare earth elements in the world, making it a key player in the industry. Japan, on the other hand, is a major importer of rare earth elements due to its advanced technology sector.
Trading with China and Japan would be made easier through trading blocks, trading agreements, and globalization. Both countries are members of various trading blocks such as the Asia-Pacific Economic Cooperation (APEC) and have signed numerous trade agreements. Globalization has also made it easier to connect with potential trading partners through digital platforms and international trade organizations.
The discovery and trade of rare earth elements could potentially influence global issues such as exploration and climate change. Increased mining of rare earth elements could lead to environmental degradation on the island where the deposit is located, impacting local ecosystems and contributing to climate change. However, the use of these elements in renewable energy equipment could also help mitigate climate change by promoting the adoption of clean energy technologies. It is essential for responsible mining practices and sustainable development to be prioritized in the extraction and trade of rare earth elements to minimize negative impacts on the environment and global issues.