US Raises Alarm Over China's Control of Critical Minerals Supply Chain
Energy Secretary Jennifer Granholm calls for updated regulations and international partnerships to mitigate reliance on China.
- US Secretary of Energy Jennifer Granholm expresses concern over China's dominance in the global supply chain for critical minerals, highlighting the strategic challenge it poses.
- Granholm emphasizes the need for the US to update its regulations, including a 150-year-old mining law, to ensure sustainable and efficient extraction of critical minerals.
- The US aims to diversify its supply of critical minerals through partnerships with allies like Australia and Canada.
- China accounts for approximately 60% of the world's production of rare earth minerals, raising concerns about over-reliance on countries with differing values.
- Efforts to counter China's dominance include a US delegation's participation in a major mining conference in South Africa, highlighting the importance of African mining.