The United States is hosting a critical minerals conference in Washington, DC, with officials aiming to strengthen and diversify mineral stockpiles essential for defense and AI. The US launched Project Vault with $2bn private capital and a $10bn loan to counter China’s control. Representatives from over 50 countries, including G7 nations, are attending to discuss setting a minimum price for critical minerals and countering China’s dominance in rare earth metals supply. China has the most rare earth metals and has imposed export restrictions, prompting concerns about access to these essential minerals.
Want More Context? 🔎
Loading PerspectiveSplit analysis...
