Can the US challenge China’s dominance in critical minerals?

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In 2026, the United States is attempting to challenge China's dominance in critical mineral supply chains. China currently controls the supply chains of rare earth elements essential for clean energy and modern technology. The US is investing $12 billion to stockpile these minerals, mirroring its Strategic Petroleum Reserve. To further reduce reliance on China, the US is proposing a trading bloc with allied nations to establish collective pricing and build alternative supply chains that bypass Beijing. The goal is to secure access to critical minerals and reduce dependence on China's current control of the market.
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