World Seeks to Rely Less on China for Rare Earths: Supply Lines

The European Union is prepared to sign a memorandum of understanding with the US that aims to jointly source the materials vital for modern technologies from consumer products to military hardware.

On Wednesday, officials in Washington are convening dozens of foreign ministers and officials from allied nations to hammer out plans, Bloomberg New is reporting. In parallel, President Donald Trump plans to launch a strategic critical-minerals stockpile to insulate manufacturers from supply shocks.

Read More: EU to Offer US Critical Minerals Partnership to Counter China

China is currently the main supplier of critical minerals that include lithium, graphite, cobalt, manganese and rare earths. Last ...