Gelonghui, November 1st | “The focal point of future energy geopolitics will shift from oil and gas resources to critical metal mineral resources.” At the 2025 Tsinghua University ‘Carbon Neutral Economy’ Forum held on October 31st, Wang Zhen, Chief Economist and President of the Energy Economics Research Institute of China National Offshore Oil Corporation (CNOOC), stated that the driving factors behind global supply chains are undergoing a structural transformation. In addition to the fading advantage of low labor costs, the rise of protectionist ideologies worldwide, the deteriorating geopolitical environment, the reshaping of international competition through artificial intelligence technologies, and the global consensus on climate issues, the energy transition has become a significant force accelerating the restructuring of global supply chains.
