China's grip on critical minerals is set to loosen, according to experts. The nation's 'leverage' in these crucial elements is deemed temporary by Zongyuan Zoe Liu, a fellow at the Council on Foreign Relations.
In a significant shift, China may be prepared to offer concessions on its rare earth mineral production as it faces growing pressure from Western nations, particularly the US, over concerns about supply chain security and national defense. The move comes ahead of a high-stakes meeting between Chinese President Xi Jinping and his American counterpart, Joe Biden, in South Korea.
As tensions between Washington and Beijing continue to escalate, China's rare earth mineral reserves are seen as a key bargaining chip. With the world relying on these minerals for everything from smartphones to renewable energy technologies, the lack of access to them could have severe implications for global security and economic stability.
However, according to Liu, China's control over these critical resources is expected to wane in the near future. "China may offer concessions on its rare earth minerals," she warns, highlighting the need for Washington to re-evaluate its approach to dealing with Beijing.
The development marks a significant turning point in the complex and often fraught relationship between the US and China, two of the world's largest economies. As the global balance of power continues to shift, nations are scrambling to secure access to the resources that will drive their economic growth and military might.
In a significant shift, China may be prepared to offer concessions on its rare earth mineral production as it faces growing pressure from Western nations, particularly the US, over concerns about supply chain security and national defense. The move comes ahead of a high-stakes meeting between Chinese President Xi Jinping and his American counterpart, Joe Biden, in South Korea.
As tensions between Washington and Beijing continue to escalate, China's rare earth mineral reserves are seen as a key bargaining chip. With the world relying on these minerals for everything from smartphones to renewable energy technologies, the lack of access to them could have severe implications for global security and economic stability.
However, according to Liu, China's control over these critical resources is expected to wane in the near future. "China may offer concessions on its rare earth minerals," she warns, highlighting the need for Washington to re-evaluate its approach to dealing with Beijing.
The development marks a significant turning point in the complex and often fraught relationship between the US and China, two of the world's largest economies. As the global balance of power continues to shift, nations are scrambling to secure access to the resources that will drive their economic growth and military might.