Pentagon Working To Lower US Dependence On Chinese Rare Earth Minerals – Market News Wire 24
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Pentagon Working To Lower US Dependence On Chinese Rare Earth Minerals

Recently, the Pentagon provided a report to Congress on uncommon earth minerals in an attempt to lower down the dependence on China, as stated by a Reuters report. Lieutenant Colonel Mike Andrews—Spokesperson for the U.S. DoD (Department of Defense)—told Reuters, “The department persists to function closely with the president, Congress, and the business base to alleviate US reliance on China for unique earth minerals.” The move came following China intimidated to utilize its dominance in unusual earth minerals as a counterattack in the trade spat with the U.S. The Chinese newspaper explicitly cautioned the U.S. that China will curtail the rare earth supply, stating “do not say we did not warn you,” a phrase that it used only twice in history, both of which entailed full-on wars.

Andrews further added, “The department in recent time submitted a DPA (Defense Production Act) III rare earth mineral statement to Congress, revealing the department’s continuous focus on decreasing reliance on China.” China’s unusual earth materials, while only summing up for a small portion of the $420 Billion US products deficit with China, are critical to the production of a slew of technology items counting electric vehicles, iPhones, and advanced precision weapons.

Recently, the Pentagon was in news for stating that the U.S.-China trade dispute would not “spill out” into military talks. Patrick Shanahan—Acting Secretary of Defense—lately, downplayed apprehensions that the U.S.-China trade spat would further complicate defense talks amid Washington and Beijing. Shanahan told, “Trade runs a split track, and we will sort out that. I do not feel it would spill over in our discussion on defense.” Shanahan, who started on an 8-Day trip to Asia, said he will meet to his Chinese counterpart in the middle of trade tensions between the two largest economies globally.

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