US EditionDonald Trump plans to stockpile deep sea critical metals to counter China, FT reports
- The Trump administration is drafting an executive order to allow the stockpiling of deep-sea metals, as reported by the Financial Times.
- This initiative aims to counter China's dominance in battery minerals and supply chains for rare earth elements, which China produces 90% of globally.
- The stockpile is part of a larger effort to accelerate deep-sea mining approvals and enhance domestic processing capabilities in the US.
- China reportedly produces about 90% of refined rare earths, heavily affecting U.S. Imports of these materials.
58 Articles
58 Articles
Berkeley Economist’s Warning on Trump and Lithium: “He Wants to Put His Hands Wherever He Can Find It”
Lithium has become one of the most coveted raw materials in the world because of its fundamental role in the production of electric batteries. In this vortex, Chile has become the world’s second largest producer of lithium and mineral has become an important source of fiscal resources. Without going further, the country nearly tripled its sales of lithium in volume in the last five years. In the context of the trade war, there are some voices th…
America stores minerals at the bottom of the seas, and China objects.
Al Bawaba - The US President signed an executive order authorizing the United States to store natural minerals discovered at the bottom of the Pacific Ocean. This has angered China, which considers the order a violation of international laws...
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