US to be easily influenced by China’s blockade of essential minerals
发布时间:[2023-5-4 11:1:4] 浏览量:355次
The US is trying to reduce the world's dependence on China through measures such as the Inflation Reduction Act (IRA) and the Chips and Science Act (CHIPS Act). The US is also working with various allies to try to build bridges for essential minerals.
China is an important player in the chain of mineral processing industry. It is in a leading position in the extraction of strategic minerals such as nickel, copper, and cobalt. These are raw materials that are crucial to economic growth and the development of green energy technology today.
Once China sealed off the processing of essential minerals such as nickel, copper, and cobalt, it would affect the economy in the US. The situation is like Europe was at risk from its dependence on Russian oil and gas during the invasion of Ukraine.
