Dominic Raab Warns China’s Grip and Illicit Gold Trade Expose Broken Supply Chains

The global battle for resources is escalating into a full-blown crisis. China’s weaponization of critical minerals has rattled global markets, while an expanding illicit gold trade fuels conflict, terrorism, and corruption across the developing world. Former U.K. Deputy Prime Minister Dominic Raab warns that the West is now facing a “choke hold over supply”—the symptom of a broken global market decades in the making.

In this hard-hitting interview with Kitco News Anchor Jeremy Szafron, Raab—now Head of Global Affairs at Appian Capital—returns one year after his landmark “Silence is Golden” report with the World Gold Council. He reveals that while the issue of illicit gold has finally broken into the open, the larger strategic crisis—China’s dominance over critical metals and mineral supply chains—has only intensified.

Raab outlines a three-point plan to reclaim Western supply security: public-private partnerships, permitting reform, and a friend-shoring “hub and spoke” model to rebuild resilience against authoritarian leverage. He argues that the West’s short-term economic thinking and outsourced dependency have created a vulnerability that now threatens energy, defense, and technology independence.

This is a must-watch geopolitical and economic briefing for anyone tracking the intersection of metals, national security, and global power—as the next chapter in the resource war begins.

(This interview was recorded on October 17, 2025.)

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
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00:00 - Introduction and Market Overview
01:34 - One Year Later: The "Silence is Golden" Report Update
02:29 - Has the Coalition for Action on Illicit Gold Worked?
03:00 - Central Banks Buying Artisanal Gold to Cut Out Criminals
04:38 - Getting the G7 & G20 to Crack Down on Illicit Gold
06:42 - Brazil's Success in Formalizing 120,000 Miners
13:08 - The New Global Conflict: A Strategic War for Metals
13:48 - China's "Choke Hold" on the Critical Minerals Market
14:59 - The Solution: Public-Private Partnerships and "Friend-Shoring"
32:07 - Raab's 3-Point Action Plan to Secure the West's Supply Chain

#DominicRaab #CriticalMinerals #Gold #Geopolitics #China #Investing #SupplyChain #Economy #KitcoNews

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