US, China Ramp up Mineral Investments
5 Articles
5 Articles
US, China ramp up mineral investments
China and the US are ramping up dual pushes to use state funds to bolster mineral supply chains. A new Beijing-backed mining investment firm is focused on shoring up overseas supplies of critical metals, Bloomberg reported, as fresh challenges from the US and Europe push China to “increase the number of tools at its disposal.” Washington has taken stakes in several domestic rare earth firms to counter China’s dominance, and the Pentagon on Monda…
(Beijing=Yonhap News) Correspondent Jung Sung-jo = The Chinese Communist Party and government have decided to establish a system to manage natural resources, such as land, oceans, and minerals, as legal and economic 'assets'.
China launches vehicle to steer overseas mining deals
CHINA has set up a new state-backed investment company to coordinate its overseas mining deals, as Beijing seeks tighter control over global mineral supply chains amid Western efforts to curb its dominance, said Bloomberg News citing people familiar with the matter. Guangyan International Investment Co., also known as Vast Rock International Investment Co., will operate under a broader push led by the National Development and Reform Commission, …
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