Research on Global Key Minerals in New Energy and the Internationalization of the RMB—Comparative Analysis of the Circulation from Petrodollars to Mineral RMB
In the development process of the internationalization of the US dollar,commodity trade and currency interna-tionalization has been supporting and promoting each other.In the current context of global green transformation,the selection of key mineral currencies for new energy deserves attention.Unlike the formation process of the petrodollar,the supply of key minerals in new energy is becoming more diversified,making it difficult for countries to rely on a single and dispersed mineral to accumulate a large amount of foreign exchange income.Instead,they need to fully utilize valuable resources to promote coor-dinated economic development.China plays an important role in the new energy industry chain,promoting the cross-border use of RMB for key new energy minerals,and helping to internationalize the RMB has become an important research topic.This ar-ticle analyzes the development pattern of key new energy minerals globally,the influencing factors of currency selection in com-modity trade,and the characteristics of currency circulation in key new energy minerals.It analyzes the opportunities for the in-ternationalization of the renminbi in key new energy minerals,designs a renminbi circulation mechanism for key new energy minerals,and proposes relevant policy recommendations.
Key Minerals in New EnergyInternationalization of RMBCirculation of RMB