The United States, Japan, India, and Australia announced a critical minerals initiative to address concerns over China's dominance in the field. The Quad nations pledged to ensure a stable supply of essential minerals for new technologies. They emphasized the risk of relying on a single country for processing these minerals, which can lead to economic coercion and supply disruptions. The meeting also touched on aggressive activities in the South China Sea, with leaders stressing the importance of strategic stability in the Indo-Pacific region and the necessity for diversified supply chains.
The group of four pledged to work towards a stable supply of minerals that are necessary for new technologies, amid concerns over China's dominance in the field.
Reliance on any one country for processing and refining critical minerals exposes our industries to economic coercion, price manipulation and supply chain disruptions.
Rubio emphasized the need for diversifying supply chains and expressed a desire for real progress on cooperation among the Quad nations.
The joint statement expressed concern over aggressive activities in the South China Sea and East China Sea that threaten peace and stability in the region.
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