"As the foundations of the U.S. economy and future growth is increasingly built around digital assets, the Trump administration wants to remind Americans that commodities they can see and touch are still very much in play. Past presidents have tried to steer markets away from speculative behavior by focusing on the fundamentals of the world's most widely traded physical good: oil. But for Trump and his officials, there is another tangible commodity that has simply become too important to ignore."
"Vance was addressing ministers from 55 countries, who this week gathered in Washington to discuss a critical minerals trading bloc. Such a partnership would be designed to undermine China's stranglehold on the mining of key elements that make everything from smartphones to electric cars and fighter jets tick, the foundations of very real economic value that could rival the strategic importance of petroleum."
The Trump administration is prioritizing critical minerals as tangible strategic commodities essential to technology, industry and national security. Vice President JD Vance equated critical minerals with oil and convened ministers from 55 countries to consider a minerals trading bloc intended to counter China's dominance in mining and processing. The administration announced a $12 billion strategic stockpile, purchased stakes in rare earth and mineral suppliers, and promotes allied cooperation to secure supplies of cobalt, lithium and other elements. These steps aim to reduce U.S. dependence on China, protect supply chains for smartphones, electric vehicles and defense systems, and strengthen economic resilience.
Read at Fortune
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