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By Rodrigo Santos Andrade
US unveils plans for critical minerals trade bloc to loosen China’s grip
visibility comment0 event February 4, 2026 timer 23:46
The US has announced plans to form a trade bloc with allies like the EU, Japan, and Mexico to establish policies like price floors for critical minerals. This aims to solve vulnerabilities in the critical mineral supply chain, which is heavily dominated by China. The bloc would set reference prices as a floor, maintained through tariffs, to stabilize volatile pricing and encourage investment in alternative supply chains. The move is part of the Trump administration’s efforts to reduce reliance on China for critical minerals crucial to modern technology and security.
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