US pitches critical minerals plan to allies to counter Beijing’s dominance

Feb 4, 2026 | INVESTING

In a direct challenge to Beijing’s decades-long grip on the hi-tech economy, the United States on Wednesday sought to rally more than 50 countries and the European Union around a landmark framework to loosen China’s control over the global critical minerals trade.
“This morning, the Trump administration is proposing a concrete mechanism to return the global critical minerals market to a healthier, more competitive state,” US Vice-President J.D. Vance said in his opening remarks at the inaugural…

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