China trade war economy conflict tax business finance / China stock market exchange graph chart money crisis raised taxes on industry container ship in export import logistics
For years, savvy policymakers have called America’s alarming mineral import reliance our Achilles’ heel. Now, China has zeroed in on it. As the U.S. outsourced its supply chains – and much of our industrial base – over the past few decades, our alarming dependence on overseas mineral production has reached catastrophic depths. The U.S. is now import-reliant on 51 minerals essential to nearly every dimension of our economy, energy future, and national security. China is the leading supplier of a stunning 26. Our astonishing minerals weakness has quickly become China’s strength. China already dominates mineral supply chains, particularly metals essential to the energy transition, which is already driving soaring mineral demand.
Click here for the full article from National Mining Association/DC Journal.
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