Top critical minerals producers cement lead as Trump pushes to cut reliance

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The story "Top critical minerals producers cement lead as Trump pushes to cut reliance" was covered 1 days ago by Financial Times, a news publisher based in United States.

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Financial Times 1d ago

Top critical minerals producers cement lead as Trump pushes to cut reliance - Financial Times

Quick Summary:

The country is the leading refiner and processor for 19 of the 20 minerals analysed by the IEA, with an average market share of around 70 per cent.

Its dominance is likely to increase even as US President Donald Trump has taken an aggressive approach to building a domestic industry, including by imposing import tariffs and seeking deals with potential suppliers such as the Democratic Republic of Congo, Greenland and Ukraine.

China dominates most supply chains, exerting a hold over all stages from mining to metal processing, as well as the production of the batteries and magnets used in electric vehicles and other key industrial components.