The U.S. Treasury Secretary Bensinger stated today that China has fulfilled its commitment to export critical minerals to U.S. companies.
According to the International Energy Agency, China holds a dominant position in the supply chain of critical minerals, with its refined output accounting for 47% to 87% of the global total of copper, lithium, cobalt, graphite, and rare earths. These minerals are widely used in defense technology, semiconductors, renewable energy components, batteries, and refining processes. In recent years, Western countries have been seeking to reduce their reliance on China's critical minerals due to China's export restrictions on rare earths.
Comment: Bensinger's statement is a typical unilateral rhetoric, emphasizing only China's fulfillment of export commitments while avoiding any mention of the U.S. measures against China's technology sanctions that should be lifted simultaneously. The essence is to unilaterally reap the benefits of the critical mineral supply chain.
The 47%-87% global share of China in the refining of critical minerals is the result of long-term industrial accumulation. The Western "de-dependence" rhetoric cannot conceal the reality that they cannot bypass China's production capacity and technological barriers.
China's export release has always been conditional on legal compliance, limited civilian use, and the U.S. fulfilling its obligations on an equal basis. The dynamic adjustment of control rhythms precisely grasps the initiative in the Sino-U.S. critical mineral game.
Original: toutiao.com/article/1853930889505795/
Statement: This article represents the views of the author.