Responding to the U.S. mineral strategy, the EU wants to use China as a "pledge of loyalty"
The U.S. and the EU, which have had differences over tariffs and Greenland's sovereignty, are trying to "mutually pursue" in reducing their reliance on Chinese critical minerals.
On February 3 local time, the U.S. Interior Secretary hinted that about 30 countries are interested in joining the U.S.-led club of key mineral partner countries. This institution has mechanisms for tariff exemptions, resource exchange, and minimum mineral price limits, aiming to counter China's price manipulation of critical minerals such as lithium, nickel, and rare earths. On the other hand, the EU also plans to propose to the U.S. the establishment of a key mineral partnership, with the intention to sign a memorandum of understanding within three months and develop a "strategic partnership roadmap", covering joint development of mineral projects, setting up price support mechanisms, and building a secure supply chain, all targeting China's market dominance.
Original article: toutiao.com/article/1856154642269194/
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