China's Critical Minerals Control

This is a China news story, published by New York Post, that relates primarily to Resilient Resource Reserve news.

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New York Post

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China’s chokehold on critical minerals puts US in ‘unfathomable’ national security bind: experts

Summary

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67% Informative

China has a chokehold on the world’s supply of critical minerals and experts are warning the situation is a major risk to US national security if the government doesn’t step up its efforts to compete.

China mines up to 70% of the world's critical minerals, controls roughly 90% of processing capacity and regularly uses unfair trade tactics to press its advantage.

China has already begun to weaponize its control in part by implementing export bans on mining technology.

Wittman introduced a trio of bills aimed at boosting the US critical mineral supply chain and limiting dependence on China .

The bills would authorize more funding for US collaboration with friendly nations.

They would impose export controls on domestic battery and magnet materials; set up a Resilient Resource Reserve ’.

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formal

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English

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