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China’s critical minerals grip faces test as new Asian financing tool launches

ADB aims to scale the financing pool to $2 billion to $3 billion as it backs projects that expand processing, recycling and supply chain resilience.

Japan, Britain and other nations have pledged millions to the new scheme, as China’s dominance of critical minerals sector faces fresh challenge.

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The Korea Times broke the news in Korea (the Republic of) on Monday, May 4, 2026.
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