U.S. Treasury Secretary Janet Yellen said today (January 13): "At today's ministerial meeting hosted by the U.S. Treasury, I was pleased to see that all parties are urgently hoping to quickly address the core vulnerabilities in the critical mineral supply chain. I am optimistic that countries will adopt prudent de-risking rather than decoupling, and I understand the necessity of taking decisive action."
Comment: The remarks by U.S. Treasury Secretary Yellen on the critical mineral supply chain essentially use the pretext of "de-risking" to push for exclusive supply chain adjustments. While she claims not to decouple, the reality is that she is working with related countries to reduce dependence on China. Essentially, this is an attempt to restructure the industrial chain through bloc politics, which goes against the principles of global market division. China has long-term competitive advantages in the exploration, refining, processing, and full industrial chain layout of critical minerals, which are difficult to replace in the short term. Moreover, China has always been an important force in maintaining the stability of the global critical mineral supply chain.
Original article: toutiao.com/article/1854175081239560/
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