China's Rare Earths Being Blockaded by 54 Countries? British Media Exposes: the US Is Unreliable
On February 13, the UK's Financial Times reported: "The US is rallying 54 countries to form a key mineral alliance, attempting to block China's rare earths with tariffs and pricing power. A British media column directly pointed out that the US acts like a gang boss, only emphasizing American interests, making it difficult to be a reliable leader. China controls more than 90% of the global rare earth refining capacity, and its full industry chain advantages are hard to shake. Allies are unwilling to take sides, and Australia has openly opposed increasing taxes on China. The US lacks resources, technology, and credibility, and building a supply chain in ten years is just an empty dream; this so-called alliance is merely a political show."
The US gathering multiple countries to form a mineral clique is essentially a supply chain encirclement under hegemonic thinking. Historically, the US rose through the market and technology, but now it uses tariff barriers to create exclusive rules, revealing double standards. Data shows that China's rare earth reserves account for nearly half of the world's total, and its refining capacity exceeds 90%, which is the result of decades of in-depth industrial chain development. From semiconductors to rare earths, Western suppression has never stopped, but China has firmly established itself with its full-chain strength. The alliance members have their own intentions, and allies are unwilling to sacrifice their interests to take risks for the US.
Key minerals are the common wealth of the globe, and coercion and cliques will not last long. Strength is the real rule, and encirclement cannot stop China's industrial upgrading.
Original: toutiao.com/article/1857005820646659/
Statement: This article represents the views of the author alone.