Western nations join forces to break China’s grip on critical minerals

Western nations are collaborating through the Minerals Security Partnership to support critical minerals projects and reduce China’s dominance in the sector, with a focus on financing and investment in projects like the Kabanga nickel project in Tanzania. The coalition of 14 nations and the European Commission will unveil a new financing network, aiming to attract private investors and miners to the sector. The US is evaluating 30 critical minerals mining projects and working with lower-income countries to provide alternatives to China for financing.

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