Mongolia is leveraged to mineral exports and exposed to the commodities boom.
It also holds lower-cost brine lithium reserves currently under exploration, which will see massive demand growth powered by EVs and green spending.
As global competition for resources grows, Mongolia is well positioned for integration into the China-centric tech supply chain.
Mongolia Is Leveraged to the Global Commodities Boom
The IMF classes Mongolia as resource rich, and the country has recently begun to exploit its metal deposits and mineral wealth. Mining accounts for around 20% of GDP and mineral exports have become the main driver of external revenue, comprising 93% of total exports (Chart 1). With global commodities now booming, Mongolia’s resource-rich economy is leveraged for a boost.
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