The U.S. Secretary of State is hosting a meeting with international allies in Washington to foster collaboration on securing supply chains for critical minerals. The gathering is intended to build momentum for new investment to challenge China's long-standing dominance over the rare earths market.
This diplomatic push follows the recent announcement of "Project Vault," a U.S. strategic reserve for these materials. The initiative aims to protect key manufacturing sectors, including automotive and electronics, from potential supply chain shocks and marks a significant development in U.S. economic policy toward China.
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