(Bloomberg) — President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money, a bid to insulate manufacturers from supply shocks as the US works to slash its reliance on Chinese rare earths and other metals. The venture — dubbed Project Vault — is set to marry $1.67 billion…
US President Donald Trump has put allies and trade partners on notice, invoking national security powers to ease China’s chokehold on critical minerals, warning global suppliers to negotiate agreements to secure reliable, diversified supplies for the US or face new trade barriers, including tariffs. In a proclamation signed on Wednesday, the “America first” president declared…
China now dominates in every technology that defines the modern world. According to the Australian Strategic Policy Institute’s 2025 Strategic Technology Tracker, released last week, China leads in seven out of eight AI categories, 13 out of 13 advanced materials and manufacturing technologies, in all seven categories of defence, space, robotics and transportation, nine out…
(Bloomberg) — China’s Premier Li Qiang came to the Group of 20 summit not only poised to defend his country’s rare earths curbs, but also armed with offerings to quell concerns of developing nations. Critical minerals became a defining theme of Africa’s first G-20 summit this weekend. Sessions were dedicated to the topic as European…
NEW DELHI: PM Narendra Modi Saturday proposed a G20 Critical Minerals Circularity Initiative, saying for global growth, sustainability and clean energy are essential, and critical minerals have a huge role to play.“Under this, innovations such as re-cycling, urban mining and second-life batteries can be promoted,” said Modi, addressing a G20 meeting in Johannesburg. This comes…
By Ernest Scheyder and Pratima Desai (Reuters) -China for decades has sought to manipulate global critical minerals prices, using its control as an economic weapon to expand its manufacturing sector and its geopolitical influence, a U.S. House of Representatives committee said on Wednesday. The allegations, contained in a 50-page report from the bipartisan U.S. House…
Far from Washington’s trade battles and Beijing’s export bans, Australia’s richest person, Gina Rinehart, has turned a global minerals tug-of-war into a personal windfall. The mining magnate, a vocal admirer of Donald Trump, is now profiting handsomely from the world’s push to break its reliance on China’s rare-earth supply chain. From her Perth headquarters, Rinehart…
The United States and Japan have signed a new deal aimed at securing supplies of critical minerals and rare earths, as President Donald Trump hailed a “golden age” in relations with Tokyo. The agreement, signed during Trump’s visit to Japan on Tuesday, reflects a growing effort by Washington to reduce its dependence on China for…
The other day US President Donald Trump said: “With a communist in charge? Look, you just go back a thousand years, it’s been done many times, a thousand years, it’s never worked once.” He was talking about Zohran Mamdani, the leading candidate for New York City’s mayoral election on November 4, who says he is…
The current trade confrontation between the United States and China may look like a repeat of the episode from earlier this year: Washington has rolled out sky-high tariffs, while China has clamped down on the supply of rare earths. Many observers, reportedly including Chinese President Xi Jinping, expect the outcome will be the same, too:…