International effort launched to crack China dominance of critical minerals

Partnership of major countries aims to 'collectively finance and de-risk projects'

20240924 Mine Panama

A view of Cobre Panama mine of Canadian First Quantum Minerals, one of the world's largest open-pit copper mines, which was forced to shut down after Panama's top court ruled that its contract was unconstitutional, following nationwide protests opposed to its continued operation, during a media tour, in Donoso, Panama, Jan. 11.  © Reuters

SHAUN TURTON, Nikkei staff writer

SYDNEY -- The Mineral Security Partnership, a U.S.-championed group of 14 countries and the European Union, launched a "finance network" on Monday at an event in New York as part of efforts to break China's hold on supplies of critical minerals.

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