Biden aide floats critical minerals marketplace to cut China dependency

Jake Sullivan says U.S. and allies will make 'tangible progress' in coming weeks

Jake at Brookings

U.S. national security adviser Jake Sullivan speaks at the Brookings Institution in Washington on Oct. 23. (Photo by Ken Moriyasu)

KEN MORIYASU, Nikkei Asia diplomatic correspondent

WASHINGTON -- The U.S. and its allies and partners will make "tangible progress" toward establishing a marketplace for critical minerals in the next few weeks to bolster resilience against China's dominance of the sector, national security adviser Jake Sullivan said Wednesday.

Speaking at the Brookings Institution think tank, the senior aide to President Joe Biden cited a risk from the heavy concentration of critical minerals in China, coupled with Beijing's method of artificially dropping prices to keep competitors out of the market.

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