"For years, China has leveraged its dominance of critical minerals by manipulating global markets and supply chains. These materials are used in everything from fighter jets and submarines to missile systems and drones, and China's monopolization has created a significant vulnerability."
"Experts agree: the competition for these minerals poses one of the most important strategic challenges of our time, and the U.S. faces a long and uphill struggle to counter China's advantage."
"The U.S. is moving from analysis and into operations. There's a point when you stop doing analysis and you start doing something about it."
"Since the 1990s, Beijing has tightly controlled the mining, processing, and export of critical minerals, backing its state-owned companies, restricting foreign investment, and consolidating production."
China has manipulated global markets and supply chains to dominate critical minerals, essential for military and technological applications. This monopolization creates vulnerabilities for the U.S., which faces a challenging path to counter China's advantage. The U.S. has begun implementing strategies to diversify its supply chain and reduce dependence on China. Experts emphasize the importance of critical minerals, likening them to 'the new oil' and highlighting the urgency of addressing this dependence as a strategic priority.
Read at The Cipher Brief
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