The New Governance Mechanisms for a Globally Sustainable Resource ManagementAbstract: The global commodities markets have serious shortcomings with considerable conflict potential. The management of environmental degradation, resource conflicts, illegal trade, and price fluctuations requires better regulation. A sustainable resource management at a global scale calls for improved and new governance mechanisms that involve both the private and state actors. Possible forms of cooperation could be the establishment of an International Resource Management Agency, an international metal covenant and an international agreement on sustainable resource management.