Why the US Wants to Cut Ties with China's Rare Minerals

The United States is pushing for faster action to reduce dependence on China for critical minerals. Treasury Secretary Scott Bessent is set to discuss this with finance officials from several countries. These nations together make up 60% of the global demand for these minerals. The urgency comes from China's control over the supply of minerals like copper, lithium, and rare earths. These are vital for technology, defense, and renewable energy. China refines a large share of these minerals, which puts other countries at risk if supplies are cut off.The US has been trying to get other countries to act since a meeting in Canada last June. However, progress has been slow. The US is now taking steps to boost its own production and has deals with countries like Australia to secure supplies. There are signs that other countries are interested in reducing their reliance on China. Australia has received interest from Europe, Japan, and South Korea. But there is still much work to be done. The US is ready to lead and work with countries that share the same sense of urgency. The goal is to secure supply chains and boost economies. But it remains to be seen how quickly other countries will act.