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U.S. wants to create a critical minerals trading bloc with its allies to counter China [BNN Bloomberg (Canada)]

USA Rare Earth, Inc. (USAR) 
Company Research Source: BNN Bloomberg
U.S. Vice-President JD Vance said the U.S.-China trade war over the past year exposed how dependent most countries are on the critical minerals that Beijing largely dominates, so collective action is needed now to give the West self-reliance. “We want members to form a trading bloc among allies and partners, one that guarantees American access to American industrial might while also expanding production across the entire zone,” Vance said at the opening of a meeting that Secretary of State Marco Rubio hosted with officials from several dozen European, Asian and African nations. The Republican administration is making bold moves to shore up supplies of critical minerals needed for electric vehicles, missiles and other high-tech products after China choked off their flow in response to U.S. President Donald Trump's sweeping tariffs last year. While the two global powers reached a truce to pull back on the high import taxes and stepped-up rare earth restrictions, China's limits rema Show less Read more
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