Strategic Diversification is a policy and stakeholder engagement initiative focused on developing the economic and financial tools countries need to reduce supply chain vulnerabilities in critical minerals, while preserving a collaborative and open global market as much as possible. As governments recognize the strategic importance of lithium, cobalt, rare earths, and other energy transition materials, they face a dual challenge: ensuring access to diversified, secure supply, and doing so in a way that is most cost-efficient.
This project convenes a broad coalition of public and private actors to co-develop frameworks that support strategic diversification. It focuses on the design of fiscal incentives, industrial policy tools, co-financing strategies, and market-making mechanisms that help countries invest in alternative supply hubs, strengthen upstream and midstream capabilities, and mitigate concentration risk in sensitive nodes of the value chain.
Key activities include:
- Facilitated dialogues with policymakers, development finance institutions, and private sector leaders to align on risk perceptions and investment barriers;
- Technical workshops to co-design policy toolkits that support responsible extraction, processing, and recycling in a wider set of geographies;
- Analytical outputs that map diversification pathways and assess the economic and resilience benefits of distributed supply networks.
Hosted by the Geneva Platform for Resilient Value Chains, Strategic Diversification will draw on Geneva’s policy ecosystem of commodity traders, global industry associations international organizations, and development banks. The goal is to create implementable strategies that help countries move from dependency to resilience.