America has the resources to confront China's mineral extortion
- Administrations under Biden and Trump have each contested China's export limitations on critical minerals essential to the U.S. Economy and defense sector.
- China has leveraged its dominant position in global mineral supply chains by restricting exports and cracking down on smuggling to safeguard national security.
- The United States depends on imports for 40 critical minerals, many controlled or processed largely by China, which holds extraordinary global production influence.
- Despite this reliance, studies confirm America's vast, underdeveloped domestic mineral resources, including lithium reserves more than twice those of Australia.
- U.S. Policy efforts focus on expanding domestic mining, streamlining permitting, and securing supply chains to reduce dependence and counter China's mineral leverage.
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China launches crackdown on strategic mineral smuggling to safeguard national security
China has launched a coordinated campaign to combat the smuggling and illegal export of strategic mineral resources, according to the country's Ministry of Commerce on Friday, which added that authorities are stepping up efforts to protect national security and ensure the stability of critical supply chains.
·Beijing, China
Read Full ArticleChina Planning Enforcement Campaign for Illegal Exports of Critical Minerals
Beijing has launched a "special operation" to crack down on illegal exports of critical minerals, such as gallium, germanium, antimony, tungsten and other rare earths, according to an unofficial translation of a May 9 Ministry of Commerce notice. The ministry...
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Total News Sources11
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
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60% Center
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C 60%
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