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There are also two kinds of rare metals that are being used by China's "cut throat"

Global Times
June 13 at 17:47attention
Original title: There are two kinds of rare metals that have been "cut throat" by China. The United States has begun to pull allies to find a way.

Following the recommendation last week that the US government strengthen the supply of key minerals, the US State Department said on the 11th that it will help countries around the world to develop mineral resources such as lithium, copper and cobalt, and to include them as "part of a systemic strategy". Reduce dependence on Chinese imports in key raw materials for high-tech industries. The Financial Times quoted US State Department officials as saying that the United States is stepping up cooperation with Canada and Australia, and other allies may join.




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The plan comes from an investment plan called the Energy Resources Governance Initiative on the 11th of the US Department of Energy. According to the plan, nearly 80% of the global rare earth industry supply chain is “controlled by one country”, which increases the risk of disruption of the supply of goods. Therefore, the United States will share knowledge about mining with other countries and build investment channels. Other ways to help these countries discover and develop related mineral resources.

Reuters believes that the US government has recently become more and more worried about its dependence on mineral imports, after the Chinese government hinted that it would use rare earth as a bargaining chip in the trade war with the United States. This will cause the United States to be disturbed by the production of a range of consumer, industrial and military products, from cell phones and batteries to fighter jets. US Assistant Secretary of State for Energy Resources Fan Nong said that the tension with China requires the United States to produce more rare earths on its own and assist other countries to ensure the security of the supply chain.

Although lithium and cobalt are not rare earth elements, they are still essential raw materials for the global high-tech industry, with Canada and Australia among the countries with the largest reserves of lithium and cobalt in the world. Canada and Australia have not yet responded to plans for the United States.