The European Union plans to pursue a partnership with the United States to reduce China’s dominance in the critical minerals sector.
The EU plans to sign a memorandum of understanding with the U.S. to develop a “Strategic Partnership Roadmap” within three months, Bloomberg reported on Tuesday. The partnership aims to diversify the supply of critical minerals beyond China, which controls about 90% of global mineral production and has used its dominance to pressure the U.S. and other nations in trade policy.
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