COLUMN-United States aims to reshape the critical minerals world – by Andy Home (Reuters U.S. – June 19, 2019)

https://www.reuters.com/

China’s growing control of metals at the heart of the electric
transport revolution such as lithium and cobalt represents a
second front in the looming raw materials war.

LONDON, June 19 (Reuters) – The United States has laid out its strategy to rebuild collapsed domestic supply chains for metals and minerals deemed “critical” to its defence and manufacturing sectors.

“A Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals”, released earlier this month by the Department of Commerce, includes 61 recommendations, ranging from revamping mine permitting rules to stimulating recycling activities to forging alliances with “friendly” suppliers such as Canada and Australia.

This is very much work in progress. It’s only last year that the United States decided on what exactly constitutes a “critical” mineral. But added urgency has come from China’s veiled threats to use its dominance of rare earths production as a weapon in the broader trade stand-off with the Trump Administration.

China’s growing control of metals at the heart of the electric transport revolution such as lithium and cobalt represents a second front in the looming raw materials war.

In essence, the United States is looking to reshape global supply chains currently dependent on countries such as China or Russia towards what is starting to look like a metallic version of the NATO military alliance.

For the rest of this article: https://www.reuters.com/article/critical-minerals-ahome/column-united-states-aims-to-reshape-the-critical-minerals-world-andy-home-idUSL8N23Q3W7

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