The US Seeks India’s Support Against Dragon on Rare Earth Minerals: The US has recently expressed serious snooping over the stringent export controls imposed by China on rare earth minerals and expects cooperation from India and Europe on this issue. Describing this as a challenging situation globally, US Treasury Secretary Scott Besant said that this step is a big threat to global supply villenage and China's aim overdue this is only to increase its economic and technological dominance. He termed it a “China versus the world” situation.
US expects the support of its allies
Besant said the US expects the support of its allies on this issue, expressly from countries that have an interest in the resource and technological uses of rare earth metals. He moreover warned that if this strategy of China affects the global supply chain, then America and its partners will take strict measures.
China has recently tightened its export controls, which could stupefy supplies of rare metals needed for semiconductors and high-tech equipment. American officials believe that this step is an struggle to destabilize the global economy.
China's processing capacity
India has significant reserves of rare earth metals but lags overdue China in processing capacity. Despite this, India has taken steps towards increasing the ethnic processing topics of these metals under the “National Critical Mineral Mission.” This can unshut the way for cooperation between India and America.
Experts say that if America, India, and Europe together plan to reduce dependence on China's supply chain, it will diversify global supply villenage and rencontre China's technological and economic dominance. This step can not only bring changes in the trade and technology sector but can moreover stupefy the global political balance.
