The Global Weapons Trade
To see the full version of this visualization click here.
The above visualization sums up the global weapons trade during the Obama era, minus data from 2016. It was created by data scientist Hai Nguyen Mau, and each relationship plots the value of the weapons trade between two countries based on data from SIPRI.
It’s important to note that while this data includes major weaponry transfers such as tanks, jets, missiles, and ships, it excludes guns and ammunition or military aid. Lastly, the thickness of each line represents the total value of each trade relationship, while the proximity of two linked countries shows how close each relationship is. (i.e. if a country only imports from Russia, they will be much closer to Russia than the U.S.)
A Longtail Distribution
The global weapons trade is dominated by a few major exporters, such as United States, EU, and Russia:
Together, the United States, European Union, and Russia combine for over 80% of weapons exports, while the rest of the world fills out the “longtail” of the exporter distribution.
From the perspective of imports, the field is much more equal because almost every country aims to spend at least some money on defense. India is the largest importer of weapons in the world with a 14% share of the market.
Two Distinct Blocs
The picture behind the global weapons trade gets much more interesting as it is broken up into relationships. It’s easy to see that there are two distinct blocs of trade:
The West: United States, United Kingdom, Canada, most of the EU, and other countries
The East: Russia, China, India, Nigeria, and other countries
As an example, Singapore imports 71% of its weapons from the United States along with significant amounts from Germany (10%) and Sweden (6%). As such, it is very close to the United States in these visualizations.
Meanwhile, India imports 70% of its arms from Russia, with the U.S. (12%) and Israel (7%) as other major partners.
Here’s another look from Hai Nguyen Mau that just focuses on U.S. and Russian relationships:
An oversimplication, to be sure – but these visualizations hint at the broader tensions that have recently surfaced to the forefront of geopolitical discourse.
An Investor’s Guide to Copper in 3 Charts
Explore three key insights into the future of the copper market, from soaring demand to potential supply constraints.
An Investor’s Guide to Copper
Copper is the world’s third-most utilized industrial metal and the linchpin of many clean energy technologies. It forms the vital connections in our electricity networks, grid storage systems, and electric vehicles.
In this graphic, sponsored by iShares, we dig into the forces that are set to shape the future of the copper landscape.
How Much Copper Do We Need?
Copper is poised to experience a remarkable 54% surge in demand from 2022 to 2050.
Here’s a breakdown of the expected demand for copper across clean energy technologies.
|Technology||2022 (kt)||2050P (kt)|
|Other low emissions power generation||93.7||142.2|
|Grid battery storage||24.6||665.2|
Copper is vital in renewable energy systems such as wind turbines, solar panels, and electric vehicle batteries because of its high electrical conductivity and durability.
It ensures the effective transmission of electricity and heat, enhancing the overall performance and sustainability of these technologies.
The rising demand for copper in the clean energy sector underscores its critical role in the transition to a greener and more sustainable future.
When Will Copper Demand Exceed Supply?
The burgeoning demand for copper has set the stage for looming supply challenges with a 22% gap predicted by 2031.
Given this metal’s pivotal role in clean energy and technological advancements, innovative mining and processing technologies could hold the key to boosting copper production and meeting the needs of a net-zero future.
Investing in Copper for a Prosperous Future
Investors looking for copper exposure may want to consider an ETF that tracks an index that offers access to companies focused on the exploration and mining of copper.
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