Minerals

There is broad consensus among Western policymakers that China’s near monopoly on critical minerals represents an urgent strategic vulnerability for the United States and its allies. China processes over 90 percent of the world’s rare earth elements (REE), a subset of critical minerals, raising concerns that it will use its dominance to advance geopolitical goals. China processes about 80 percent of the world’s lithium and the same percentage of the world’s lithium batteries, at a time when demand for the metal has skyrocketed. As the West looks to reduce dependency on Chinese supply chains, success will require escaping policy silos and pursuing a comprehensive strategy rooted in domestic investment, international partnerships, regulatory reform, and sustained will.Continue Reading Made in America: The Outlook for Critical Minerals