The United States has introduced a plan aimed at reducing reliance on China for critical minerals essential to various industries. The proposal was presented at an international event attended by representatives from over 50 countries, according to the White House.
The initiative focuses on enhancing global cooperation to develop alternative sources and strengthen supply chains for minerals such as lithium, cobalt, and rare earth elements. These materials are vital for manufacturing technologies including electric vehicles, batteries, and electronics.
**Why this matters**
China currently dominates the production and processing of many critical minerals, creating potential vulnerabilities in global supply chains. Diversifying sources is seen as important for economic security and technological development, especially as demand for these minerals grows with the transition to clean energy and advanced technologies.
Source: NewsData