US to form trade zone for critical minerals with allies’ backing to counter China’s dominance – why it matters

US President Donald Trump’s administration on Wednesday (local time) hosted a Critical Minerals Ministerial event to counter China’s dominance in the industry.

Officials from the Trump administration aim to establish a trade zone for critical minerals, which are crucial for producing almost everything, including smartphones, defence equipment, magnets in wind turbines, and electric vehicle (EV) motors.…

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