Xinhua News Agency reported tonight (November 3): "The United States has created a global critical minerals trading club as a platform for countries to trade in the refining and processing of critical minerals."
[Witty] Comment: The United States once again is setting up a "critical minerals club." On the surface, it's gathering allies to form a group, but in reality, it exposes its fatal weakness in industrial chain restructuring — lacking resource endowment and technical accumulation, and unwilling to invest real money. From G7 to the Mineral Security Partnership, the U.S. "creates groups" like a production line, but core areas such as rare earth refining and battery manufacturing still highly depend on China. Now, trying to overturn market laws through political alliances is like building castles in the air. If only making allies act as "resource提款 machines" without solving the three barriers of cost, technology, and environmental protection, this "de-Chinaization" farce will eventually become another failed "America First" political show.
Original text: www.toutiao.com/article/1847778794998851/
Statement: This article represents the personal views of the author.