China's Investments in Critical Minerals

AidData's Chinese Financing for Transition Minerals Dataset, Version 2.0

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Summary

This dataset tracks $98 billion in Chinese official sector financial commitments for transition mineral extraction and processing operations in 47 countries from 2000 to 2023.

Official Citation

Walsh, K., Escobar, B., Zhang, S., Zimmerman, J., Vlasto, L., Miao, S., Joshi, A., Bury, E., and Malik, A. A. 2026. Tracking China’s Transition Mineral Financing: Methodology and Approach, Version 2.0. Williamsburg, VA: AidData at William & Mary.

Date Published

January 30, 2026

Full Description

Beijing is a major source of financing for projects around the globe that involve the specific minerals needed to facilitate a clean energy transition and achieve net zero emissions by 2050. Yet its financial commitments for these transition mineral operations are opaque and poorly-documented. This dataset is designed to help policymakers, journalists, and researchers understand how Beijing uses financial instruments to bankroll transition mineral operations in developing countries. It systematically tracks over $98 billion in Chinese official sector financial commitments for extraction and processing of critical minerals across 47 low-, middle-, and high-income countries from 2000 to 2023. The dataset contains detailed information on 313 loan commitments and 1 grant commitment from 53 official sector institutions in China during this time period. AidData will publish updated analysis based on this dataset in a forthcoming policy brief that updates Power Playbook: Beijing's Bid to Secure Overseas Transition Minerals, originally published in 2025. This dataset and the forthcoming brief document how Beijing leverages a massive stockpile of foreign exchange reserves to expand its control over key segments of the global supply chain for 31 transition minerals from A-Z including: Arsenic, Cadmium, Chromium, Cobalt, Copper, Gallium, Germanium, Graphite, Hafnium, Indium, Iridium, Lead, Lithium, Magnesium, Molybdenum, Manganese, Nickel, Niobium, Platinum, Rare Earth, Selenium, Silicon, Silver, Tantalum, Tellurium, Tin, Titanium, Tungsten, Vanadium, Zinc, and Zirconium.