The United States emphasizes that it does not seek to monopolize the key mineral market and promotes supply chain diversification.

U.S. Department of State: U.S. Does Not Seek to Monopolize Key Mineral Markets

Deputy Secretary of State for Economic Growth, Energy, and the Environment Jacob Helberg stated that the U.S. policy on key minerals aims to meet its own needs, not to seek a monopoly position.

Helberg told reporters, "This does not mean we want to become the world's 'production platform'. We don't need to. We are not seeking a monopoly. In fact, our efforts aim to reduce the risks in vulnerable parts of the supply chain. But we do hope to be able to produce at a scale that better meets our own needs."

This week, the United States held a ministerial meeting in Washington where it signed agreements or memoranda of understanding with 11 countries on key minerals. The meeting took place against the backdrop of the Trump administration's plan to establish a $12 billion strategic reserve of key minerals to reduce reliance of American industry on Chinese supplies.

Original article: toutiao.com/article/1856408695498764/

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